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BTC Bitcoin Bear Market: New Signals Probing the End?
A compelling on-chain indicator shows that the current Bitcoin bear market may be coming to an end. The indicator, discovered by CryptoQuant analyst Darkfost, has appeared many times in history before major recovery phases, and now brings optimism to many market participants.
What does the on-chain signal reveal?
Although selling pressure remains, on-chain data suggests that the market is in a potential turning point. Analysts observed that Bitcoin successfully held key support levels, retaining hope for an end to the bear market. A significant pattern occurs when the cost base of short-term holders (STH) is lower than that of long-term holders (LTH) and lasts for at least three days.
Generally, short-term holders are investors who have held Bitcoin for less than six months, while long-term holders hold it for longer. Historically, this alignment has often occurred before the end of a bear market, laying the foundation for subsequent bull market gains. However, Darkfost emphasized that the appearance of this signal does not mean an immediate reversal.
This indicator suggests that Bitcoin may be in the final stages of its bear market, but that does not mean a rapid turn to a bull market is certain.
Is now a good time to implement a DCA strategy?
In fact, the current lower-cost base for short-term holders compared to long-term holders presents good prospects for investors adopting the Fixed Investment Strategy (DCA). These moments are often accompanied by more affordable bitcoin prices, providing a strategic entry point for investors using the DCA approach.
Despite the recent decline in bitcoin prices, new investors are still actively attracting funds. The price of purchase cost for short-term holders dropped from US$112,500 to approximately US$69,000, triggering this rare on-chain event.
Once new investors start buying Bitcoin at prices above the cost base for long-term holders, the continuation of this pattern may signal recovery. This situation marks a period of renewed demand in the past.
The cost base for short-term holders has recently dropped from US$112,500 to US$69,000.
Bitcoin prices remain resilient above key support levels.
US$67,248 was identified as the key resistance level that needed to be broken through.
Bitcoin has shown resilience even after significant sell-offs, such as Strategy's sale of 3,588 bitcoins to pay dividends. The market withstood these tests and remained stable above the critical line of $60,000. A breakthrough of $67,248 could herald a new bull market and mark the end of a bear market.
Bitcoin is currently trading at approximately US$64,141, with a 24-hour trading volume of US$29.31 billion (although reduced but still active), and a total market value stable at US$1.29 trillion. The market is closely watching price movements, and analysts are looking forward to whether key resistance levels can be breached soon.
