Short-Term And Long-Term Bitcoin Holder Cost Bases Indicate Changing Market C...
The short-term and long-term bitcoin holder cost basis ratio is trending downward, signaling a shift in market conditions.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.One of our favorite on-chain indicators recently flipped bullish. The STH (short-term holder) LTH (long-term holder) cost basis ratio recently has started to trend downward over the last two weeks, indicating a shift in market conditions. The....
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The current short-term and long-term bitcoin holder cost bases offer some signals about the market.
Data from Glassnode shows the Bitcoin long-term holder cost basis is currently above the realized price of the crypto. Bitcoin Long-Term Holder Cost Basis May Have Hints For Bear Market Length As per the latest weekly report from the analytics firm Glassnode, the LTH cost basis has remained below the realized price for a period […]
What the ratio of short-term bitcoin holders to long-term bitcoin holders can tell us about the market.
On-chain data shows that the Bitcoin short-term holder whales have a cost base above $64,000, which could be a potential resistance point for BTC. Bitcoin Is Not Far From Realized Price Of Short-Term Holder Whales After Rally As pointed out by an analyst in a CryptoQuant Quicktake post, the BTC price had slipped below the Realized Price of the short-term holder whales earlier. The “Realized Price” here refers to an indicator that keeps track of the average cost basis that the investors of a particular group currently share. Related Reading: Bitcoin NVT Golden Cross Gives Bottom....
Taking a look at advanced bitcoin market metrics, like SOPR, long-term holder cost basis, spent volume and long-term holder MVRV.