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Bitcoin just flashed a signal that has appeared only four times before.
CryptoQuant contributor Darkfost says the latest crossover happened when Bitcoin’s short-term holder cost basis moved above the cost basis of active long-term holders.
The previous signals appeared in 2012, 2015, 2019 and 2023.
What makes this interesting is the context. U.S. spot Bitcoin ETFs recorded $2.06B in net inflows from Sept. 21–23, including a massive $999M on Sept. 21.
Still, one signal doesn’t guarantee anything. The analyst himself points out there is always a margin for error.
For me, the bigger question is whether this crossover is the start of another sustained cycle or simply another temporary shift in holder behavior.
Crypto markets can move quickly, so I prefer focusing on key levels rather than chasing every candle. Support, resistance, volume, and risk management often provide more insight than emotions. Sometimes, waiting for confirmation is the better trade.
Which coin are you watching closely today, and why?
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