Bitcoin's short-term holder losses have narrowed sharply to around -4.0% from -20.48% in early June, bringing the cohort close to its average cost basis of $68,800. This proximity may incentivize holding, reducing recent supply from entering the market. The asset's structure shows bullish signs, including a sustained golden cross and rising accumulation volume. However, momentum faces headwinds as spot and perpetual market netflows remain negative. Bitcoin currently trades in an undervalued zone, and a shift to positive netflows could support a potential rally, similar to a pattern observed before its 2025 surge.

# Losses Narrow Related Articles

Bitcoin short-term holder losses narrow to 4%: Structure builds for BTC’s rebound

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