Red, yellow, and green lines rushing toward each other—brothers, what does it feel like to watch? In October, there’s a good chance they’ll form a cross. That’s when the big cake can enter the market.
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Paul Xue BTC 链上数据研究
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【Hardcore Long Read】Why the LTH cost line's counter-trend death cross is the ultimate signal for the complete liquidation of the network's bubble?
1/14 💡 Searching for Bitcoin's 'ultimate turnover life-and-death line'
If the price represents the market's superficial sentiment, then the on-chain cost line is the real play in the long vs short battle. During Bitcoin's 4-year halving cycle, the cost lines of LTH (Long-Term Holders) and STH (Short-Term Holders) intertwine, creating the most brutal wealth transfer battlefield across the network.
Today, combining MacroMicro's historical cost chart, I'll give you a panoramic breakdown of why the bear market bottom price must inevitably touch the LTH cost line, and the statistical fate of the red line (LTH) crossing down through the yellow and green lines. 🧵 👇
If the price represents the market's superficial sentiment, then the on-chain cost line is the real play in the long vs short battle. During Bitcoin's 4-year halving cycle, the cost lines of LTH (Long-Term Holders) and STH (Short-Term Holders) intertwine, creating the most brutal wealth transfer battlefield across the network.
Today, combining MacroMicro's historical cost chart, I'll give you a panoramic breakdown of why the bear market bottom price must inevitably touch the LTH cost line, and the statistical fate of the red line (LTH) crossing down through the yellow and green lines. 🧵 👇
