Crucial Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Metric Back To Healthy
Bull Levels, Analyst Reveals
Crucial Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Metric Back To Healthy Bull Levels, Analyst Reveals
by Keshav Verma
1 hour ago
in Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin News
0
An analyst has explained how an important Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin indicator is back to levels
that may be considered healthy for a bull-market uptrend.
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Short-Term Holder Realized Price No Longer Growing Too Fast
In a new post on X, analyst James Van Straten has talked about the 7-day rate
of change in the Realized Price of the Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin short-term holders. The
Realized Price here refers to an on-chain metric that keeps track of
the cost basis of the average investor or address on the network.
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2024
When the indicator s value is greater than the spot price of the
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта, it means the holders as a whole can be assumed to be in a
state of net profit. On the other hand, it being under the mark implies the
overall market is holding loss.
In the context of the current topic, the Realized Price of only a particular
market segment is of interest: the short-term holders (STHs) . This cohort
includes the investors who bought their coins within the past 155 days.
The STHs make up one of the two main divisions of the BTC sector on the basis
of holding time, with the other group being known as the long-term holders
(LTHs) .
Statistically, the longer an investor holds onto their coins, the less likely
they become to sell at any point, so the STHs are considered to include the
weak hands of the market, while the LTHs represent the resolute HODLers.
Now, here is the chart shared by the analyst that shows the trend in the
Realized Price of the STHs, as well as its 7-day rate of change, over the last
few years:
The 7-day rate of change in the metric appears to have gone down in recent
days | Source: @btcjvs on X
As is visible in the above graph, the Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin STH Realized Price has gone up
during the last few months as the rally in the coin s price has
occurred. The reason behind this trend is naturally the fact that the STHs
represent the recent buyers, who have to purchase at increasingly higher
prices during a bull run.
The cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта has been trading above the cost basis of this cohort for a
while now, implying that its members have been enjoying profits. Historically,
the line has served as a sort of boundary between macro bearish and bullish
trends, so BTC continuing to trade above it is a positive sign.
As Van Straten has pointed out, another potential bullish sign is the fact
that the 7-day rate of change in the indicator has seen a cooldown recently.
Earlier, the Realized Price of the STHs was expanding at a notable rate,
something that has generally led to tops for the coin.
Related Reading: Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Hashrate Near ATH Despite Bearish Price: Miners Not
Worried?
With the indicator now growing at a more healthy rate, it s possible
that Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin could continue its bull run in a sustainable manner.
BTC Price
At the time of writing, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin is floating around $98,400, down more than 6%
over the last week.
Looks like the price of the coin has shot up over the past day | Source:
BTCUSDT on TradingView
Featured image from Dall-E, Glassnode.com, chart from TradingView.com