Data compiled by Woofun AI shows that Bitcoin short-term holders have endured eight consecutive months of negative returns, with the average unrealized loss currently standing at 14.4%. This figure represents a significant improvement from the 34% deficit recorded in early February, driven by a reduction in the cohort's average cost basis from $95,700 to $74,800. The decline in cost basis suggests that a segment of these investors accumulated positions during the price drawdown, effectively averaging down their entry points.

Historical context reveals that the peak unrealized profit for this group occurred in March 2024, reaching 47%. In contrast, when Bitcoin touched an all-time high in October 2025, the profit margin for short-term holders was merely 11%, highlighting the volatility and shifting dynamics of holder profitability across different market phases.