TechFlow news — Glassnode stated on X that the Bitcoin Short-Term Holder (STH) cost basis model is crucial for measuring sentiment among new investors. Historically, this model has tracked market lows during bull cycles and helped differentiate between bull and bear markets.
Currently, BTC price is approximately 7% above the STH cost basis (88,135 USD). If prices stabilize below this level, it may indicate weakening sentiment among new investors, which is often a sign of a market trend reversal.
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