#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 effectively gauges new investor sentiment and differentiates between bull and bear markets. Historically, the model has tracked market lows during bull cycles. If Bitcoin continues to trade below the STH cost basis, it could signal waning new investor sentiment, which is often a turning point in market trends.
Ace Hot Topic Analysis
Analysis
Bitcoin's price is currently about 7% above the Short-Term Holder (STH) cost basis, indicating that new investor sentiment remains relatively optimistic. Glassnode's analysis suggests that the STH cost basis model is a significant indicator of 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 that new investors remain optimistic about the market, but if the price continues to decline and breaks below the STH cost basis, it could signify a shift in market sentiment, requiring investors to closely monitor market changes.
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 has 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