Bitcoin Long-Term Holder Short-Term Holder Cost Basis Ratio

Bitcoin Long-Term Holder Short-Term Holder Cost Basis Ratio


The under is from a current version of the Deep Dive, Bitcoin Journal’s premium markets e-newsletter. To be among the many first to obtain these insights and different on-chain bitcoin market evaluation straight to your inbox, subscribe now.

We have mentioned the cost basis ratio of bitcoin’s long-term holders (LTH) and short-term holders (STH) a numerous amount of times in our previous analysis.

For an introduction to the metric, read The Daily Dive #070 – Short-Term:Long-Term Cost Basis Ratio.

A TLDR:

When the STH:LTH realized value ratio is growing, it implies that the associated fee foundation of STHs is growing relative to LTHs, and conversely, when STH:LTH realized value ratio is reducing, the associated fee foundation of LTHs is growing relative to the associated fee foundation of STHs.

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