BTC Long and Short Term Holder Cost Data Update: Who is Secretly Cutting Meat Continuing the quote below, two weeks later, I will report this set of data to you again today. Let's start with the conclusion ： As the boundary between bull and bear, STH-RP still maintains a steady downward trend LTH-RP, as one of the bottom lines of the deep bear market, has experienced a rare slight decline in the past two weeks If you are not familiar with this set of data, it is recommended to refer to the following citation first. // The concept of indicators in the attached figure is as follows: ➡️ Blue line（ ）= STH-RP (Short Term Holder Average Cost) ➡️ Green Line（ ）= LTH-RP (Long Term Holder Average Cost) ➡️ Signal=STH-RP<LTH-RP As shown in the attached figure, the latest data is as follows: ➡️ LTH-RP（ ）= 48950, down about 603 points compared to two weeks ago ➡️ STH-RP（ ）= 69331, a decrease of about 270 points compared to two weeks ago Whether it's the citation below or the update from a month ago (https://(((x.com))/market_gegar/status/2072136661434307014), I have emphasized a concept to everyone: Under normal circumstances, the LTH-RP of a bear market will continue to rise, while the STH-RP will continue to decline. STH-RP is easier to understand: Short term holders trade every day, so as long as they trade in areas below STH-RP, It will continuously lower STH-RP; The main reason for the increase in LTH-RP is detailed in the following citation, and interested friends can refer to it for themselves. It is worth noting that: In the past two weeks, LTH-RP has actually shown a "decline", Perhaps some people may wonder: 'Does this mean the end of the cycle has arrived?' ❓」 Firstly, the answer is: 'No, but it may be a precursor'. The decline in LTH-RP in the past two weeks seems more like some LTH cannot withstand the cutting of meat, But after all, the decrease in LTH-RP is actually very small and cannot be called a large-scale surrender, So we cannot currently assert that the bottom has been reached based on this. However, the shift of LTH-RP is indeed something that occurs in the bottom range of the cycle, So we cannot deny the fact that 'the bottom is not far' based on this; However, this sign will be relatively delayed and difficult to observe. Finally, before the three paths I previously shared appear (https://((((x.com)))/market_gegar/status/2075529216591053204), I usually track this set of data about every two weeks for your reference; Of course, if there are any particularly noteworthy signals in advance, I will also report them to everyone as soon as possible. The above is today's content, hoping to be helpful to everyone // Related reading resources Divergent attitudes of funds from two continents: US capital did not withdraw, Asian capital fled first https://(((((x.com)))))/market_beggar/status/2081926743783592189 'Wave Compression': Waiting for Bidirectional Liquidity Cleaning https://(((((x.com)))))/market_beggar/status/2081557306601509331 Deviation adjustment STH-RP model update: slowing down and gradually clarifying the bottom range https://(((((x.com)))))/market_beggar/status/2080469443352854893