Cryptocurrency

Short-term holder cost basis has been below long-term holder cost basis for 146 days

meaning

The realized price reflects the total price of each coin when it was last used on the chain. Short-term and long-term holder (STH, LTH) cohorts can be used to calculate realized prices that reflect the total cost basis for each group.

quick take

  • In the late-stage bear market, the LTH cost base will be larger than the STH cost base that is currently occurring.
  • The cost base for LTH is $22,240 and the cost base for STH is $19,391.
  • The four periods where the LTH cost criterion is higher than the STH cost criterion are highlighted with green and purple indicators.
  • The total number of crossover days is 864 days. This is broken down in each bear market as follows:

2012 bear market: 239 days

2015 bear market: 334 days

2019 bear market: 145 days

2022 bear market: 146 days

Cost-Based Cohort: (Source: Glassnode)

The post short-term owner cost base was below the long-term owner cost base for 146 days. First appeared on CryptoSlate.

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