Short-term holder cost basis has been below long-term holder cost basis for 146 days

Definition

Realized Price reflects the aggregate terms erstwhile each coin was past spent on-chain. Using Short- and Long-Term Holder (STH, LTH) cohorts, we tin cipher the realized terms to bespeak the aggregate outgo ground for each group.

Quick Take

• During aboriginal signifier carnivore markets, LTH outgo ground is greater than STH, which is presently occurring.
• LTH outgo ground is $22,240 portion STH outgo ground is $19,391.
• The 4 periods wherever the LTH outgo ground is higher than the STH outgo ground is highlighted with greenish and purple indicator.
• The full cross-over days is 864 days; this is breached down successful each carnivore marketplace by;

The 2012 carnivore market: 239 days

The 2015 carnivore market: 334 days

The 2019 carnivore market: 145 days

The 2022 carnivore market: 146 days

Cost Basis Cohorts: (Source: Glassnode)

The station Short-term holder outgo ground has been beneath semipermanent holder outgo ground for 146 days appeared archetypal connected CryptoSlate.