By focusing on Short-Term Holders currently incurring losses, we can leverage Glassnode's innovative Breakdown metric suite to examine their cost basis.
The cost basis for newer investors, specifically those in the 1m-3m š and 3m-6m š” cohorts, offers crucial insights into the patterns of bull and bear markets. Furthermore, analyzing the cost basis of the 1w-1m š“ cohort has been instrumental in pinpointing potential local bottoms during bull markets and local tops during bear markets.