Bitcoin (BTC) Market Finds Itself at a Critical Crossroads as It Leans Against the Short-Term Optimistic Trading Patterns

The evolving cryptocurrency market of 2025 finds Bitcoin at a critical crossroads, leaning against the short-term optimistic trading patterns

The cryptocurrency market of 2025 continues to be a subject of great interest, especially with Bitcoin (BTC) at a critical crossroads.

While the short-term optimistic trading patterns seen since mid-March and the not-so-encouraging trader sentiment discussed last Friday may present a mixed outlook, a more sophisticated—but also more complicated—picture emerges from the first days of May.

At this turn, Bitcoin’s on-chain indicators are in good health, reinforcing the not-so-distant view that $30,000 was very much in play.

Recently, the cost basis ribbon for Short-Term Holders (STHs) has shown a bullish development: investors who have held Bitcoin for more than one month (and many for several months) are, on average, back in profit.

This is a big shift. It’s not clear whether it is happening because the price of Bitcoin has gone up or because the holders themselves are simply holding for longer.

Regardless, this is quite clearly a big behavioral moment. When these holders return to being profitable, they tend to put reduced selling pressure in the market. This is mattering now. And it could matter more in the next couple of key.

The post Short-Term Holder Cost Basis Shows Improvement, But Is It Enough? appeared first on ChainCommons.

Recently, the cost basis ribbon for Short-Term Holders (STHs) has shown a bullish development: investors who have held Bitcoin for more than one month (and many for several months) are, on average, back in profit.

This is a big shift. It’s not clear whether it is happening because the price of Bitcoin has gone up or because the holders themselves are simply holding for longer.

Regardless, this is quite clearly a big behavioral moment. When these holders return to being profitable, they tend to put reduced selling pressure in the market. This is mattering now. And it could matter more in the next couple of weeks or months.

Credit: Glassnode

It is crucial for STHs to be consistently profitable, especially given the sti