Bitcoin Short-Term Holders Maintain 30-Day Profit Streak Amid Bull Market Signs

Bitcoin speculators have maintained gains for close to a month, an occurrence that fresh research highlights as a major indicator of robust market conditions.

Key points:

• Bitcoin short-term investors maintained partial gains over the prior month, establishing the lengthiest continuous profitable duration of 2026.
• Profitability among short-term holders — a traditional signal of bullish Bitcoin value reversals — currently sits at $168.2 billion in gains compared to $102.6 billion in losses.
• The wider community of Bitcoin participants has remained in overall net profit starting from August 19.

Short-term participants strengthen confidence regarding BTC value recovery

Figures gathered by blockchain intelligence platform CryptoQuant indicate that a segment of Bitcoin’s short-term holder demographic has stayed profitable beginning August 16.

Short-term holder participants represent addresses that have kept an unspent transaction output for a duration under half a year. They correlate with recent purchasers who exhibit greater vulnerability to near-term price fluctuations and market swings, adjusting their market exposure much faster than experienced Bitcoin participants.

Ever since August 16, the short-term holder investor group has divided regarding gains on their current positions. Short-term holder tokens kept in positive territory amount to $168.2 billion as of Tuesday, whereas $102.6 billion remain valued beneath their purchase price.

Bitcoin STH holdings in profit and loss. Source: CryptoQuant

For CryptoQuant, however, this proportion matters less than the fact that short-term investors have sustained at least minimal gains across 30 unbroken days.

“This marks the initial instance where short-term holders have remained inside profitable territory for an extended period following the market peak. The previous occasion occurred in January, but that event did not persist past a single week. During May, negative balances held by short-term holders kept the upper hand,” the firm noted in a published commentary.

The pattern of extending unbroken stretches of short-term holder profitability is a trait that has defined Bitcoin market revivals through various price cycles. It was additionally recorded toward the conclusion of the 2022 Bitcoin bear market. Consequently, CryptoQuant views this condition as a vital prerequisite for the resurgence of a sustained Bitcoin price upward trend throughout the current cycle.

“The bear market trend only truly reverses once profits settle in for good STH and then push them to hold their positions and ride the upside,” it added.

Bitcoin STH holdings in profit and loss through year-end 2023. Source: CryptoQuant

Newer investor cost bases cluster above $70,000

The statistics mirror a comparable phase of collective profitability presently observed across the entire Bitcoin investor community as the BTC/USD pair preserves the bulk of its 25% August upside.

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As reported by Cointelegraph, the spent output profit ratio, which monitors net earnings or deficits across all market participants, surpassed its equilibrium threshold of 1 on August 19 and has closely maintained its position above it since then. Throughout the previous week, blockchain analysis suite Checkonchain asserted that short-term holder profitability specifically was “starting to look more like those early bull-market recoveries.”

Short-term holder profitability is currently powered by accounts retaining assets between one and three months, according to CryptoQuant information, with that specific group showing a cost basis, also referred to as realized price, located at $63,372. Meanwhile, the acquisition cost for the older segment of the short-term group — wallets holding coins between three and six months — presently rests at $73,190.

Bitcoin realized price by wallet age. Source: CryptoQuant