Taurus on Nostr: Bitcoin's cost basis just flashed the "end of bear market" signal. Short term holder ...

Bitcoin's cost basis just flashed the "end of bear market" signal. Short term holder average cost dropped below long term holder average cost. This has happened at the bottom of every previous cycle.

In every cycle, there was still volatility between this signal and the actual bull confirmation. The signal marks the final phase of the bear, not the exact bottom. Bitcoin can still grind lower or chop sideways before the sustained move up.

STH cost basis fell from $112,500 to $69,000. That's a lot of pain packed into recent buyers. The signal says we're in the endgame, not that the game is over.

History rhymes, but it doesn't repeat on schedule.