Examining the #SHORT📉 -Term Holder (#STH ) cohort's cost basis and the levels ±1 standard deviation from it. This shows where these price-sensitive holders might react:
- 🔴 Significant unrealized profit indicates an overheated market at $92k.
- 🟠 The break-even level is $64k, with the spot price currently below but trying to reclaim it.
- 🔵 Significant unrealized loss indicates an oversold market at $50k, aligning with the True Market Mean as a #BullMarkets break-point.
Only 7% of trading days have recorded prices below the -1SD band, making it relatively rare.
