[Analyst: Bitcoin Bear Market May Be Nearing Its End, Short-Term Holder Cost Has Dropped to $69,000] BlockBeats News, July 19 — CryptoQuant analyst Darkfost published an article stating that the Bitcoin bear market has lasted approximately 9 months, impacting both short-term and long-term holders. The cost basis for short-term holders has fallen below the cost basis for long-term holders and has been confirmed for 3 consecutive days, triggering a signal that the 'bear market is nearing its end.' This indicator excludes BTC held for more than 7 years when calculating the cost basis for long-term holders, aiming to more accurately reflect the economically active long-term holdings. Darkfost emphasized that this signal does not mean the bear market will end immediately, nor does it confirm the market bottom has been reached. Instead, it suggests that the market may be entering the final phase of the bear market, during which adopting a dollar-cost averaging strategy might be more reasonable. He further stated that if the cost basis for short-term holders subsequently breaks back above the cost basis for long-term holders, it could be considered a confirmation signal for the start of a bull market phase and serve as a reference for ending dollar-cost averaging. Currently, the cost basis for short-term holders has dropped from $112,500 to $69,000. [Original Link]