Bitcoin short-term holders hit 30-day profit streak as bull-market odds improve: CryptoQuant
Onchain analytics firm CryptoQuant reports that a subset of Bitcoin short-term holders (STHs) have remained in net profit for 30 consecutive days, the longest such streak in 2026. The platform says this persistence of STH profitability, alongside a broader investor base that has been net profitable since Aug. 19, aligns with patterns seen in prior BTC recoveries and could signal improving odds for a sustained bullish reversal.
Why It Matters
Historically, extended periods in which newer Bitcoin holders sit in profit have accompanied market recoveries and precede longer-term uptrends; CryptoQuant views the current 30-day STH profit run as a necessary early step toward a durable bull-market reversal. The wider market's return to net profit since Aug. 19 strengthens the signal that selling pressure may be easing.
Key Facts
- STH profit vs loss: $168.2 billion in profit vs $102.6 billion in loss
- STH in-profit streak start date: Aug. 16, 2026
- Broader investor net profit since: Aug. 19, 2026
- Definition of STH: Wallets holding an unspent transaction output (UTXO) for less than six months
- One-to-three month STH cost basis: $63,372
CryptoQuant analysis shows a tranche of Bitcoin short-term holders (STHs) has remained in net profit since Aug. 16, creating a 30-day run of uninterrupted profitability — the longest such stretch observed so far in 2026. STHs are defined as wallets that have held an unspent transaction output for under six months and are typically more reactive to short-term price moves than longer-term holders.
As of the latest update, coins held by STHs that are in profit total $168.2 billion, while $102.6 billion remain below their acquisition price. CryptoQuant emphasizes the importance of the uninterrupted nature of the profit period: prior episodes earlier this year were brief (January’s profit stint lasted less than a week) or dominated by losses (May).
The platform places this behaviour in historical context, noting that lengthening runs of STH profitability have accompanied past BTC recoveries, including the end of the 2022 bear market. Cointelegraph coverage and other onchain analysts such as Checkonchain have pointed to the spent output profit ratio (SOPR) crossing its breakeven level on Aug. 19 as corroborating evidence that aggregate investor profits have returned.
CryptoQuant’s data also shows concentration of cost bases among newer buyers: STHs holding for one to three months carry a realized price around $63,372, while those in the three- to six-month bracket sit nearer $73,190. Together with the market holding the majority of August’s roughly 25% upside, these metrics are being read as early signs that selling pressure may be easing — a development the analytics firm views as a potential prerequisite for a sustained BTC uptrend. This reporting is informational and not investment advice.
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Original source: Cointelegraph