Is The Bitcoin Bull Market Still On? STH Cost Basis Suggests So

Quick Summary:

Typically, the price of Bitcoin floats above the STH cost basis during bull markets, indicating significant buying interest and positive sentiment from short-term traders.

If the price of Bitcoin manages to sustain above the STH cost basis, it means the potential continuation of the current bull market.

This on-chain observation is based on the movement of the BTC price in relation to the short-term holders (STH) cost basis.

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Article Details

Author / Journalist: Opeyemi Sule

Category: Crypto

Markets: United KingdomOman

Topics: Bitcoin Santiment Glassnode Bitcoin BTCUSDT Bitcoin price Btc

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-11 @ 12:30:25 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 472 words

Reading Time: 3 minutes read

Sentences: 70 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 25063342

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 8 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 12 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #102

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