• Bitcoin bottom signal that preceded 1,900% rally flashes again Bitcoin’s “short-term holder stress” metric has fallen to lows not seen since 2018, suggesting the market has capitulated and possibly bottomed. • Cointelegraph in your social feed A key Bitcoin (BTC) on-chain metric is flashing its most extreme capitulation signal since 2018, hinting at a potential cycle-low setup. • Bitcoin is mirroring 1,900% rally setup from 2018 Bitcoin’s short-term holder stress has dropped to its lowest level since the 2018 bear market bottom, according to new on-chain data fromCheckonchain. • The Short-Term Holder (STH) Bollinger Band metric shows the oscillator falling into its deepest oversold territory in nearly eight years. • The indicator applies Bollinger Bands to the gap between Bitcoin’s spot price and the average cost basis of short-term holders, defined as wallets holding BTC for less than 155 days. • When the oscillator pierces the lower statistical band, it signals that Bitcoin is trading significantly below what recent buyers paid, beyond normal historical volatility.
Article Summaries:
- A key Bitcoin (BTC) on-chain metric is flashing its most extreme capitulation signal since 2018, hinting at a potential cycle-low setup. Bitcoin is mirroring 1,900% rally setup from 2018 Bitcoin’s short-term holder stress has dropped to its lowest level since the 2018 bear market bottom, according to new on-chain data from Checkonchain. The Short-Term Holder (STH) Bollinger Band metric shows the oscillator falling into its deepest oversold territory in nearly eight years. The indicator applies Bollinger Bands to the gap between Bitcoin’s spot price and the average cost basis of short-term hold
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