The difference between the average cost of Long-Term Bitcoin (BTC) investors (LTH-RP) and the average cost of Short-Term Bitcoin (STH-RP) investors is approaching negative again after a long hiatus.
bitcoin, november 2021While continuing the downward movement that started in STH-RP, to LTH-RP increasingly approached is in the situation. Looking at the past signals, bearish movements towards the end STH-RP’s LTH-RP’s fall under It could be marking the end of bear season.
LTH-RP lower than STH-RP in an emerging market over time natural acceptable. STHs, fund conversion rates high their average cost to the current price because near be, and therefore in the emerging market from the costs of LTHs moving away required. Prices start to drop bull season LTH-RPs when they are out of date in the market for a long time current prices to stay under while continuing STH-RP at current price near watches. In the event that STH-RP falls below LTH-RP, long-term investors keep holdings in their portfolios. can start to get rid of or by starting again without raising their average cost their portfolios they can enlarge.
This signal in bitcoin The reason why it is considered so important is that the 2012, 2015 and 2019 to the lows of their decline pretty close at points occured that is. If the decline continues a possible intersection, to the bottom levels when we get close or leave them behind may indicate.