Bitcoin’s short‑term holder (STH) group has been in net profit for 30 consecutive days, according to CryptoQuant analysis. STH are defined as wallets holding an unspent transaction output for less than six months, representing newer buyers who react quickly to price moves. As of the latest data, STH coins in profit totalled $168.2 billion, while those held below acquisition price amounted to $102.6 billion.
The 30‑day streak marks the longest uninterrupted period of STH profitability in 2026 and the first such stretch since the market top that lasted more than a week. CryptoQuant notes that similar prolonged STH profit periods preceded the end of the 2022 bear market and are viewed as a prerequisite for a sustained long‑term uptrend in Bitcoin’s price.
Beyond the STH cohort, the wider Bitcoin investor base has remained in net profit since August 19. The spent output profit ratio (SOPR), which aggregates gains and losses across all holders, crossed its breakeven level of 1 on that date and has stayed just above it since.
Cost‑basis analysis shows that the STH segment driving the profit is split by holding duration. Wallets with assets held between one and three months have a realized price of $63,372, whereas those held for three to six months sit at a realized price of $73,190. These levels indicate that newer buyers are sitting above their average entry points, supporting the observed profit streak.
