Bitcoin Short-Term Holders Maintain Profitability for Month...Pattern Suggests Bear Market End

Darkfost, a crypto quant contributor, analyzed on X that Bitcoin short-term holders (STH) have consistently remained in profit for nearly a month, forming a pattern observed during previous bear market exits. Current unrealized gains for STH-held BTC exceed $16.8 billion, slightly surpassing unrealized losses of $10 billion. In January, STH entered profitability but failed to sustain it beyond a week, while in May, more holdings were in loss territory. Similar patterns emerged during the 2022-2023 bear market when sustained STH profitability preceded market trend shifts. If Bitcoin stabilizes above $80,000, this could serve as a key indicator for determining whether the bear market has ended.