Short-Term Holders’ criteria
Bitcoin must still meet additional criteria on the chart to reset the market to some degree.
One key metric is the STH Cost Basis, the average price at which short‑term holders (wallets holding Bitcoin for 155 days or less) acquired their coins. This figure represents the aggregate cost basis for that cohort.
According to Glassnode, this level currently sits at $109,800. Historically, price trading above this level has supported stability and opened the door for further rallies.
Moving below it, however, suggests lingering selling pressure from short-term holders, which could weigh on the market.
This means that after addressing the $108,000 supply zone, Bitcoin must still climb above $109,800 to regain stability and unlock stronger bullish potential.
