#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 reflect 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 that new investor sentiment is weakening, which is often a turning point in market trends.
Ace Hot Topic Analysis
Analysis
Currently, Bitcoin's price is trading above the cost basis of Short-Term Holders (STH), raising concerns about the sentiment of new investors in the market. According to Glassnode's analysis, Bitcoin's price is currently about 7% higher than the STH cost basis of $88,135. This model is considered a significant indicator of new investor sentiment, as it has historically tracked market lows during bull cycles and differentiated between bull and bear markets. If Bitcoin's price continues to trade below the STH cost basis, it could signal weakening sentiment among new investors, which is often a turning point in market trends. This means that if Bitcoin's price continues to trade below the STH cost basis, it could negatively impact the market, leading to a change in market trends.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin short-term holders (STH) cost model is an important indicator of new investor sentiment.
When the price of Bitcoin is higher than the STH cost price, it indicates that new investor sentiment is optimistic and the market is in a bull cycle.
If the price of Bitcoin is lower than the STH cost price, it may indicate that new investor sentiment is weakening and the market trend may be turning.
Currently, the price of Bitcoin is about 7% higher than the STH cost price, but if the price stabilizes below this level, it is necessary to be wary of changes in new investor sentiment.