CryptoQuant: Bitcoin short-term holder cost basis tops active long-term holder basis for fifth time
- —Signal has appeared only five times in Bitcoin's history
- —Active LTH coins are those moved at least once in the past 7 years
- —Over 3.5M BTC have been dormant for more than 10 years, growing 8k–30k monthly
- —ETF inflows cited as one factor, but not the sole driver of the signal
Why it matters: A shift in cost basis toward newer holders has historically preceded changes in market momentum, but needs confirmation from flows and dormant coin movement.
Source: TokenPost