#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 relatively 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 about 7% higher than the cost basis of short-term holders (STH), indicating that new investors remain optimistic. Glassnode's analysis shows that 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 of market trends, and investors can closely monitor its changes to better grasp market movements.
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 cycle
The current Bitcoin price is higher than the STH cost price, indicating that new investor sentiment remains optimistic
If the Bitcoin price continues to be lower than the STH cost price, it may indicate that new investor sentiment is weakening and the market trend may change