Short-term $BTC Bitcoin holders are enduring serious pain right now, sitting on roughly 28% unrealized losses with an average cost basis near $94,200 while BTC hovers around $68,000.

This marks the longest 4-month stretch of Short Term $BTC Holders stress in the cycle so far—unusual for a bull market and starting to echo bear market vibes. Patience is key; the depth depends heavily on macro/geopolitical recovery ahead.