#On-chain Metrics Analysis
BTC: Golden Cross Between the Short-Term Holder Cost Basis and the 200-Day Moving Average
The STH cost basis crossing above the 200-day moving average indicates that short-term market costs have recovered and are once again outperforming the longer-term trend. This is a macro-structural signal, not a short-term buy or sell instruction.
Macro Golden Cross Confirmed
The STH cost basis is approximately $74,581, while the 200DMA is approximately $72,200, a relative difference of about +3.30%.
The most recent golden cross occurred on 2026-08-25. As of 2026-10-14, the price had remained above the moving average for approximately 51 consecutive daily observations.
The average peak window across the complete historical sample is approximately 30.3 months.
Following the 2015, 2019, and 2023 golden crosses, it took roughly 29–32 months to reach the subsequent cycle highs. The current cycle remains in the early phase after the golden cross. It is more appropriate to monitor whether the structure holds and seek confirmation from liquidity and spot demand, rather than use this signal alone to time the market.
$BTC
BTC: Golden Cross Between the Short-Term Holder Cost Basis and the 200-Day Moving Average
The STH cost basis crossing above the 200-day moving average indicates that short-term market costs have recovered and are once again outperforming the longer-term trend. This is a macro-structural signal, not a short-term buy or sell instruction.
Macro Golden Cross Confirmed
The STH cost basis is approximately $74,581, while the 200DMA is approximately $72,200, a relative difference of about +3.30%.
The most recent golden cross occurred on 2026-08-25. As of 2026-10-14, the price had remained above the moving average for approximately 51 consecutive daily observations.
The average peak window across the complete historical sample is approximately 30.3 months.
Following the 2015, 2019, and 2023 golden crosses, it took roughly 29–32 months to reach the subsequent cycle highs. The current cycle remains in the early phase after the golden cross. It is more appropriate to monitor whether the structure holds and seek confirmation from liquidity and spot demand, rather than use this signal alone to time the market.
$BTC