Bitcoin Short-Term Holder Cost Drops to $69,000, Signals Bear Market Nearing End on July 19

BTC1.07%
According to CryptoQuant analyst Darkfost, Bitcoin short-term holder cost basis dropped below long-term holder cost basis and fell to $69,000 on July 19, triggering a "bear market nearing end" signal. The cost basis has declined from $112,500 over the past nine months. Darkfost noted the signal does not confirm an immediate market bottom but suggests Bitcoin may be entering the final stage of the bear market, where dollar-cost averaging strategies could be more reasonable.
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