#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 cost basis, indicating that new investor sentiment remains optimistic. According to Glassnode's analysis, the short-term holder cost basis model can be used to gauge new investor sentiment, which has historically tracked market lows during bull cycles and differentiated between bull and bear markets. If Bitcoin continues to trade below the short-term holder cost basis, it could signal weakening new investor sentiment, which is often a turning point in market trends.
Ace Hot Topic Analysis
Analysis
Currently, Bitcoin's price is about 7% higher than the cost basis of short-term holders (STH), indicating that new investor sentiment remains relatively optimistic. According to Glassnode's analysis, the short-term holder cost model is crucial for gauging new investor sentiment, historically tracking market lows during bull cycles and differentiating between bull and bear markets. If Bitcoin's price stabilizes below the short-term holder cost basis, it could signal waning new investor sentiment, often a turning point in market trends. Therefore, the short-term holder cost model can serve as a significant indicator for judging market trends, but it's important to note that the model is not absolutely accurate and should be analyzed in conjunction with other factors.
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 model historically tracked market lows during bull cycles and differentiated bull and bear markets
Currently, Bitcoin price is about 7% above the STH cost price
If Bitcoin price stabilizes below the STH cost price, it may indicate that the sentiment of new investors is weakening, which is often a turning point for market trends