Bitcoin’s (BTC) short-term holders (STHs) have spent 229 out of 345 days in profit, an outcome that appears contradictory given that BTC is at a negative year-to-date (YTD) return and struggles to trade above $100,000. However, beneath the weak headline performance, the structure of onchain positioning tells a different story. Key takeaways: Bitcoin short-term holders logged profits for 66% of 2025, even while BTC traded below its yearly open. The STH realized price at $81,000 acted as a sentiment pivot, which divided phases of panic and recovery. Unrealized losses narrowed…
BTC Short-Term Holders Were Profitable For 66% of 2025
