Bitcoin’s Short-Term Holder Cost Model: Key Indicator of Investor Sentiment and Market Trends

COINOTAG News reports that as of January 11th, Glassnode has highlighted the significance of Bitcoin’s Short-Term Holder (STH) Cost model for evaluating investor sentiment, particularly among newer participants in the crypto market. This analytical framework has historically proven effective in identifying market bottoms during bullish trends while also distinguishing between bullish and bearish phases. As it stands, Bitcoin’s price trades approximately 7% above the STH Cost Price of $88,135. Should the price sustain levels below this threshold, it could signal a potential decline in enthusiasm from new investors, serving as a critical indicator of possible shifts in market direction.