CryptoQant: Bitcoin Bear City or near end, short-term holder cost has dropped to 69,000 United States dollars Dollar

On 19 July, CriptoQuant analyst Darkfost wrote that Bitcoin Bear had been in existence for about nine months, affecting both short-term and long-term holders. The short-term holder cost base has been reduced to a long-term holder cost base and confirmed after three days, triggering the "Bear City Towards End" signal. In calculating the cost base of long-term holders, the indicator excludes the holding of BTCs for more than seven years in order to more accurately reflect the long-term hold that remains economically active. Darkfost emphasizes that the signal does not mean that the bear market ends immediately, nor that the bottom of the market has been determined, but rather that the market may enter the final phase of the bear market, during which it may be more rational to adopt a fixed-investment strategy. He said that if the short-term holder cost base was then to go up to the long-term holder cost base, it could be considered a confirmation signal from the beginning of the cattle market phase and could serve as a reference for closing off a given investment. The short-term holder cost base has been reduced from $112,500 to $69,000。