By Bitcoin పత్రిక - 2 సంవత్సరాల క్రితం - పఠన సమయం: 2 నిమిషాలు
Short-Term And Long-Term Bitcoin Holder Cost Bases Indicate Changing Market Conditions
స్వల్పకాలిక మరియు దీర్ఘకాలిక bitcoin holder cost basis ratio is trending downward, signaling a shift in market conditions.
దిగువన డీప్ డైవ్ యొక్క ఇటీవలి ఎడిషన్ నుండి, Bitcoin పత్రిక యొక్క ప్రీమియం మార్కెట్ల వార్తాలేఖ. ఈ అంతర్దృష్టులను మరియు ఇతర ఆన్-చైన్లను స్వీకరించిన వారిలో మొదటి వ్యక్తి bitcoin మార్కెట్ విశ్లేషణ నేరుగా మీ ఇన్బాక్స్కు, ఇప్పుడే సభ్యత్వాన్ని పొందండి.
One of our favorite on-chain indicators recently flipped bullish. The STH (short-term holder) LTH (long-term holder) cost basis ratio recently has started to trend downward over the last two weeks, indicating a shift in market conditions.
The metric is first explained in detail in డైలీ డైవ్ #070.
Historically the metric has been one of the most accurate market indicators in Bitcoin, as the relationships between short-term and long-term holders and the acceleration/deceleration of cost basis of the two respective cohorts is quite informative.
మా bitcoin price short-term holder and long-term holder ratio's 14-day change.While it is true that short-term holders are still underwater in aggregate (relative to the average cost basis of the cohort) the market absorbed lots of realized losses during the last few months, and with a relative accumulation occurring, the STH LTH Ratio has flipped back bullish.
A backtest of the ratio over time speaks for itself:
మా bitcoin price short-term and long-term holder ratio's 14-day change.Below is a view of the inputs that go into the ratio itself:
మా bitcoin short-term holder and long-term holder realized price.Similarly, last Wednesday in డైలీ డైవ్ #144 we highlighted the bullish flip in the delta gradient, another market momentum metric.
అసలు మూలం: Bitcoin పత్రిక