Analysts: Bitcoin Market Momentum Strengthens, Key Cost-Basis Indicator Signals Bull Market

TechFlow reported on September 24 that analyst Darkfost noted Bitcoin’s short-term holder (STH) cost basis has officially crossed above the active long-term holder (LTH) cost basis, generating a bull market confirmation signal—marking the fifth historical occurrence. Active long-term holders are defined as supply that has been moved at least once in the past seven years, excluding long-dormant coins.

At present, more than 3.5 million Bitcoin coins that have remained dormant for over a decade are still inactive, with this supply segment growing by an average of 8,000 to 30,000 coins monthly. Darkfost notes that current market momentum is shifting positively, partially fueled by exchange-traded fund (ETF) inflows, though there remains a possibility that the signal could fail.