Useful knowledge is cleaning our brains again!!!

◆ Use the short-term holder cost and standard deviation range of #BTC to determine if the market is overheated.
Short-term holder cost basis model core
Short-term holders (STH): investors who bought Bitcoin in the last 155 days and are more sensitive to price fluctuations.
- Cost Basis): The average purchase price for short-term holders.
- Standard Deviation Bands (: Based on the average buying price, it adds or subtracts one or two times the fluctuation range to measure whether the price is relatively "calm" or "overheated".
Chart Interpretation
Blue Line (STH Cost Basis): Average buying cost for short-term investors.
Green Line (-1o interval): Overall losses for short-term holders, historically often a good buying area.
Orange Line (+1o Interval): The market begins to heat up, and prices enter a potential resistance zone.
Red Line (+2o range): The market is overheated, and historically, multiple bull tops have appeared here.
Current price is 118,000, with short-term holders at 108,569, which is an important support level during a pullback. If it falls below this, the next strong support is at -1o level 94,868.
$128,914 corresponds to a +1o level, indicating an upward trend.
The key resistance level. If it breaks through, it is expected to surge to $145,937 ) +2o(, where it could potentially be the peak of this cycle (this is just based on the current cost; if short-term holders' costs continue to rise, higher limits cannot be ruled out).
▪ Note: The short-term (within 155 days) and long-term (more than one year) expressed in this article are not defined as short-term and long-term by our contract. ) #美7月PPI年率高于预期# #以太坊ETF突破300亿美元#