Lookonchain APP

App Store

Analysis: Bitcoin has traded below the cost basis of short-term holders for 8 consecutive months, with an average unrealized loss of 14.4%.

2026.06.24 11:23:54

According to a post by analyst Darkfost, the realized price of Bitcoin’s Short-Term Holders (STH) is currently around $74,800, and BTC has traded below this cost level for eight consecutive months, leaving most short-term holders under unrealized loss pressure. The average unrealized loss for STHs is now roughly 14.4%, a notable improvement from the over 34% unrealized loss level seen in February this year. Notably, the STH cost basis has dropped from $95,700 to $74,800, indicating that some short-term holders continued accumulating BTC during the downturn, pulling down the overall average holding cost. During this cycle, STH unrealized profits hit a peak of 47% in March 2024, but stood at just 11% when BTC set its all-time high in October 2025, reflecting that the market’s profit-taking level is significantly weaker than in prior phases. The $74,800 STH cost level remains a key resistance point for BTC. If Bitcoin can reclaim this level, it could signal a positive shift in market structure; until then, this zone is likely to act as a sell-pressure area for short-term holders looking to break even.

Relevant content

Israeli Prime Minister: This visit to the US aims to understand the US President’s views on the Iran issue.

Israeli Prime Minister Benjamin Netanyahu said in an interview that the conflict between Israel and Iran will only end when Iran’s current regime is overthrown or so weakened that it is forced to abandon its nuclear program. He emphasized that Iran’s nuclear program must be terminated "regardless of whether an agreement is reached". When discussing the planned meeting with U.S. President Donald Trump, Netanyahu noted that the meeting will not focus on delivering new intelligence, as the military and intelligence agencies of the U.S. and Israel are already in close cooperation. He stated that the purpose of the trip is to discuss with Trump and understand his thinking, adding that the development of the situation largely depends on Trump’s final decision. In addition, Netanyahu also commented on the U.S.-Saudi nuclear deal. He expressed agreement with Trump’s stance that "Saudi Arabia can only access a civilian nuclear deal", and stressed that both Israel and the U.S. will never allow Saudi Arabia to possess a military nuclear program. Netanyahu also said he will "definitely" attend the United Nations General Assembly to be held in New York in September. (CCTV News)

2 hours ago

Lido Responds to stETH Yield Calculation Anomaly: Issue Fixed, Oracle Upgraded, User Funds Unaffected.

Ethereum staking protocol Lido stated on X that today’s stETH rebase has been completed as expected, with ETH rewards omitted yesterday due to calculation gaps now fully restored. The corresponding annual percentage rate (APR) stands at approximately 2.29%. The protocol’s oracle has also been updated and audited; the new version will boost report processing speed and enable faster root cause identification for similar future issues. Regarding yesterday’s reward calculation anomaly, Lido said contributors are still conducting root cause analysis, with additional investigation details to be shared on its official forum and social media channels. User funds were never at risk throughout the entire incident. The initial assessment points to a special edge case as the likely cause: a validator in pending deposit status was omitted from yesterday’s reward report, resulting in some staking rewards not being included in calculations. Lido noted that a full incident post-mortem report will be released in the coming days to further detail the root cause, remediation measures, and subsequent improvement plans.

2 hours ago

On Robinhood Chain, on-chain speculation remains active, with multiple tokens hitting new market cap highs today.

According to GMGN market data, hype on Robinhood Chain remains active, with multiple tokens hitting new all-time highs (ATH) in market capitalization today. Among them: PONS, the largest token issuance platform on Robinhood Chain by market cap, briefly exceeded $56 million, and is now trading at $52.47 million, marking a new ATH with a 24-hour gain of 31.88%. BRODIE, a meme token in the PONS ecosystem, broke through $6 million in market cap, also hitting a new ATH, with a 24-hour surge of 151.7%. STONKBROKER, an RWA + meme project token, surpassed $15 million in market cap, also hitting a new ATH, with a 24-hour increase of 29.61%. BlockBeats reminds users that related tokens are highly volatile, so investors should exercise caution.

2 hours ago

Founder of Mango Labs: Has gone long on Changxin Technology, calling it a rare 1:5 leverage trading opportunity.

Mango Labs founder @dov_wo shared his market views, noting he has gone long on Changxin Technology, calling it a rare 1:5 risk-reward opportunity with a 20% downside and 100% upside, a 5-to-1 payout. @dov_wo outlined his bullish thesis as follows: low float ratio, regulatory tailwinds, and institutional optimism for its investment opportunity at a market cap below $3 trillion. He advised on the strategy: if Changxin gaps up tomorrow, close the position to lock in profits directly; if it gaps down then rallies, wait patiently and wrap up the trade within 3 days.

2 hours ago

WEMIX confirms security incident: Contract ownership may have been compromised, reminds users to exercise caution when trading

The WEMIX team has issued an announcement stating it is urgently investigating a potential security incident involving the WEMIX 3.0 network. Signs have emerged indicating that the network’s contract ownership may have been compromised. The relevant team is verifying the facts and assessing the incident’s impact scope, and will release investigation findings and follow-up response measures promptly as the probe progresses. Ahead of further official updates, WEMIX is reminding users to exercise caution with unconfirmed information and remain highly vigilant when trading or investing in related assets.

2 hours ago

Jiang Zhuoer: Changxin Memory will likely hit its all-time high on its first day of trading, and recommended pairing it with hedging operations on Hyperliquid.

Jiang Zhuoer, founder of BTC.TOP (B.TOP), posted that Changxin Memory will likely open higher, surge then pull back, hitting its all-time high on the first trading day. The ideal play is to buy at the A-share opening, sell during the midday H-share-driven rally, then sell on A-share and buy back on H-share the next day to square positions. Without H-share exposure, investors will be trapped by the T+1 trading rule, possibly holding the stock for a lifetime just like PetroChina.

2 hours ago