Darkfost
@Darkfost_Coc
🧩 Market Decoder and data eater
📊 Verified Author for @cryptoquant_com :
🗞️ Quoted by @Bloomberg / @Forbes
Joined July 2017
303 Following 11.2K Followers
Time to watch the STH cost basis again. It can act as a solid entry point on dips.
Bitcoin is about to close its 5th day above the STH cost basis, currently estimated at around $72 300.
In this case, it's the invested capital cost basis, which helps smooth things out a bit more and gives a more precise read on the average price of capital injected by STH.
➤ This is a very positive trend, putting STH capital into roughly 11% profit.
The longer this continues, the more inclined STH will be to hold their position, hoping to see Bitcoin kick off a new bullish phase.
Dips have now shifted from panic selling to buying the dip, and the STH cost basis has become an interesting support level again to watch when adjusting one's strategy.
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