#Bitcoin price is above the cost basis for short-term holders.#
Hot Topic Overview
Overview
Bitcoin is currently trading about 7% above the Short-Term Holder (STH) cost basis, indicating that new investor sentiment remains relatively optimistic. According to Glassnode's analysis, the STH cost basis model can reflect new investor sentiment and track market lows during bull cycles. If Bitcoin continues to trade below the STH cost basis, it could signal weakening new investor sentiment, which is often a turning point in market trends.
Ace Hot Topic Analysis
Analysis
Bitcoin's price is currently trading about 7% above the Short-Term Holder (STH) cost basis, indicating that new investor sentiment remains relatively optimistic. According to Glassnode's analysis, the STH cost basis model effectively gauges new investor sentiment, historically tracking market lows during bull cycles and differentiating between bull and bear markets. If Bitcoin's price stabilizes below the STH cost basis, it could signal waning new investor sentiment, often a turning point in market trends. Currently, Bitcoin's price being above the STH cost basis suggests new investors remain optimistic about the market, but if the price continues to decline and breaks below this level, it could signify a shift in market sentiment, requiring investors to closely monitor market dynamics.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin Short-Term Holders (STH) cost model can reflect the sentiment of new investors
STH cost price is usually the market low point of the bull market cycle
STH cost price can distinguish between bull and bear markets
If the Bitcoin price is lower than the STH cost price, it may indicate that the sentiment of new investors is weakening, and the market trend may change