Indicator Overview

The STH Realised Price indicator calculates the average cost basis of Bitcoin held by short-term holders (coins moved within the last 155 days). This reflects the entry prices of recent market participants, highlighting shifts in short-term sentiment and potential capitulation zones.

How To Use

Drops in price below the STH realised price often signal short-term holder capitulation and local bottoms for accumulation, while sustained breaks above confirm bullish momentum from new buyers entering at higher levels. Monitor divergences, price rising while STH realised price lags, as warnings of weakening rallies, or convergences for sustainable uptrends.