Bitcoin’s price is trading below its cost-basis for one of the most active investor groups. According to recent information from the blockchain, Bitcoin’s price could face more trouble if it fails to recover this critical level.
Bitcoin’s Drop Under $80,000 Drives Realized Losses Upwards
Then, you can get in touch with us. X post on May 22, Axel Adler Jr. analyzes Bitcoin’s struggle to reclaim its Short-Term Holder (STH) Realized Price. According to the analyst, this price is around $80k (more specifically $80 217). STH Realized Price measures the average BTC investment price. Bitcoin trading below this threshold often indicates that short-term Bitcoin investors are still holding losses. This increases the pressure to sell.
BTC trading is below STH cost. $80.217 = STH Break-Even. $77.550 = Current Price.
Bounces are not confirmed until $80.2K of the bounced amount is recovered.
Adler AM #175
… pic.twitter.com/R359OfOopg
— Axel
Adler Jr (@AxelAdlerJr) May 22, 2026
Axel Adler Jr. has noted that realized losses are on the rise across the Bitcoin markets. The pundit reports that the Net realized profit is now roughly –$176 million, arising from the difference between $366 million in realized losses and $190 million in realized profits among Bitcoin short-term traders. Adler notes future market recoveries will be temporary or unconfirmed as long as Bitcoin is below STH’s cost basis. Simple put, temporary price rallies below $80 217 could be relief rallies, rather than signs of a larger trend reversal.
Before market participants are able to judge that Bitcoin is displaying bullish intentions, it must break above the previous STH resistance, which may now be resisting the increase in Bitcoin’s value. As the price nears the STH Breakeven Price (realized), investors are more likely to sell their Bitcoin positions and add bearish pressure.
Coinbase records highest selling pressure since February
Then there’s another X postMaartunn shows that Coinbase has been experiencing one of its strongest bearish waves since February. This indicator is called the Coinbase Premium Gap. It mainly tracks US-based investor activity. Maartunn shared a chart showing that the Coinbase Premium Gap had dropped into negative territory. This coincided with Bitcoin’s recent price drop.
A positive reading on Coinbase’s premium usually indicates a stronger purchasing activity. Negative readings are usually indicative of increased demand or selling pressure by US investors. Coinbase Premium readings that are negative and strong, like the ones we see now, often appear during correction phases or short-term periods of fear. They can, however, also be an indication of the local bottoms being established if selling fatigue begins to appear. Bitcoin is currently valued at $75,514, down 2.56 % from the previous day.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: www.newsbtc.com
