Suffering losses for 8 consecutive months, Bitcoin short-term holders have an average unrealized loss of 14.4%

According to Odaily, monitoring by Darkfost shows that Bitcoin short-term holders have been in a loss-making state for 8 consecutive months. Their cost basis is approximately $74,800, with the current average unrealized loss at 14.4%, narrowing from 34% in early February. The cost basis for short-term holders has dropped from $95,700 to $74,800, indicating that some short-term holders have accumulated positions during the decline, lowering the average cost. During this cycle, the peak unrealized profit for short-term holders occurred in March 2024, reaching 47%, while in October 2025, when Bitcoin reached an all-time high, the profit margin was only 11%.