Bitcoin Trades Below STH Realized Price as Realized Losses Rise to $366M

Bitcoin has spent the past week below the short-term holder (STH) realized price, a cost-basis level highlighted around $80,217. On May 22, analyst Axel Adler Jr said BTC near $77,550 was triggering net realized P/L of about –$176M, with $366M losses versus $190M profits, while Bitcoin was later cited at $75,514, down 2.56% over the past day.