#On-chain# metrics analysis BTC: Golden cross between the "short-term holder cost line" and the "200-day moving average" When the STH cost line crosses above the 200-day moving average, it indicates that the short-term market cost has been repaired and is once again outperforming the medium- and long-term trends. This is a macroeconomic structural signal, not a short-term buy or sell order. The macro golden cross has been confirmed. The cost of STH is approximately $74,581, while that of 200DMA is approximately $72,200, representing a relative difference of approximately +3.30%. The most recent golden cross occurred on August 25, 2026, and as of October 14, 2026, it has remained above the moving average for approximately 51 consecutive days. The average peak window for a complete historical sample is approximately 30.3 months. After the three golden crosses in 2015, 2019, and 2023, the period to the peak lasted approximately 29–32 months. Currently, we are still in the early stage after the golden cross, so it is more appropriate to track whether the structure is maintained and to confirm this in conjunction with liquidity and spot demand, rather than to use this as a basis for timing. $BTC