Each cycle during the year leading towards the Halving, highlighted in the chart below, #Bitcoin dipped below the Short-Term Holder average purchase price.
green = above STH cost basis, red = below. 🧵👇
Discussion
We're at a pivotal moment in the cycle, we saw a change in STH Volatility. Bitcoin’s price broke free of a compressed zone and now floats freely in a phase of indecision, historically allowing for some time below the STH cost basis.
Read full report:
https://www.bitcoinstrategyplatform.com/news/a-pivotal-moment-in-the-cycle
