Definition. Short Term Holder Realized Price is the realized price computed using only UTXOs younger than 155 days. It represents the average on-chain acquisition price of the short-term holder cohort, i.e. their aggregate cost basis.

Interpretation. Spot above the Short Term Holder Realized Price keeps recent buyers in unrealized profit, while a sustained break below it places the short-term holder cohort in unrealized loss.

Notes. For more information, see our article on breaking up on-chain metrics for short- and long-term holders.