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