$BTC

(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 bull market break-point. of trading days have recorded prices below the -1SD band, making it relatively rare.

Examination of the Short Term Owner (STH) group's cost basis and levels of ±1 standard deviation from it. This shows where price-sensitive owners might react: - 🔴 Significant unrealized profit suggests the market is overheating at the $92k level. - The breakeven level is $64k, the spot price is currently below that but is trying to get it back. - 🔵 A significant unrealized loss would indicate an oversold market with $50,000 in line with the True Market Average as the bull market breakout point. Only 7% of trading days recorded prices below the -1SD band, making this relatively rare.