Realized Price - Short-Term Holders
Average acquisition price of all coins held less than 155 days. The STH cost basis acts as a key dynamic support level - price bouncing off it marks bull market continuations; breaking below triggers STH capitulation.
What is it?
STH Realized Price is the weighted average cost of coins held for less than 155 days. It evolves quickly as it reflects recent entry prices of new participants. In a bull market, it rises steadily with price (new buyers entering at progressively higher prices). In a bear market, it descends with a lag behind price as transactions occur at progressively lower prices. It is one of the most reliable on-chain support/resistance levels for trading.
How to read
Plotted on the price chart, STH-RP acts as moving support in a bull market (price bounces off it) and as resistance in a bear market (price is rejected below it). The distance between price and STH-RP is the STH-MVRV: if price is 20% above STH-RP, STH-MVRV ≈ 1.2.
Key zones
STH-RP itself is the key level. In an established bull market, each STH-RP retest that holds as support is a sign of strength. Significant breaks below STH-RP (price < STH-RP for over 2 weeks) have historically marked a regime change. Convergence of STH-RP with global Realized Price creates a critical support zone.
What to observe
STH-RP slope indicates the pace of capital entry. A strong positive slope means much new capital is entering at high prices. A flattening STH-RP while price continues rising creates a growing gap (rising STH-MVRV) - historically unsustainable if the gap exceeds 40-50%.
Historical context
STH-RP regularly served as a support zone during the 2020-2021 bull run (8 retests between October 2020 and April 2021). The decisive break below STH-RP in May 2021 marked the start of the 53% correction. In 2022, STH-RP acted as resistance for 10 consecutive months, with each breakout attempt rejected.
Expert notes
STH-RP reacts with a 1-3 day lag behind price movements because new transactions must be confirmed on-chain and included in the calculation. For intraday trading, spot price vs STH-RP is a trend indicator, not a precise timing indication. Combine with LTH-RP to define a 'cost band': price between STH-RP and LTH-RP = normal mid-cycle conditions.
Common mistakes to avoid
STH-RP as 'support' is not magic - there is no physical mechanism preventing price from falling below. The support is statistical: at this level, many STH are at break-even and may refuse to sell at a loss, reducing sell pressure. But if an external catalyst is strong enough, this 'support' will be traversed without resistance.
Programmatic access
REST API
curl -sS \
'https://api.trinityinsights.io/api/v1/onchain/realized-price-sth/history?days=90' \
-H 'X-API-Key: $TRINITY_API_KEY'MCP server
{
"tool": "get_chart_value",
"metric_id": "realized-price-sth",
"timeframe": "1y"
}Required tier: pro. See the pricing grid for the tier list and the MCP documentation for multi-client configuration.
Related metrics
Institutional disclaimer
Trinity Insights is an educational and analytical tool. The metric above does not constitute investment advice. Trinity Insights is not a Crypto-Asset Service Provider (CASP) registered under MiCA Regulation (EU) 2023/1114. See the full disclaimer.