bitview
@_bitview_
free and open-source bitcoin data suite
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currently managed by: @darkfost_coc
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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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Bitcoin has already returned to the median zone after leaving the rarest price distribution zones, namely the percentiles between P0.5 and P2.
Every bear market has been an opportunity to accumulate bitcoin:native at a statistically rare price.
These periods don't last long relative to Bitcoin's historical trajectory, which is precisely what makes them ideal windows for long-term accumulation.
Now we'll start watching for the opposite scenario: periods of overvaluation.
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