[Analyst: Bitcoin Market Momentum Has Shifted, Fifth Historical Bull Market Confirmation Signal Appears] BlockBeats News, September 24 – CryptoQuant analyst Darkfost stated in a post that the cost basis of short-term holders (STH) for Bitcoin has confirmed a crossover above the cost basis of active long-term holders (LTH), indicating a shift in market momentum. Based on this, he concludes that the Bitcoin bull market has been confirmed. This is the fifth time in history that this signal has appeared, but he emphasized that there is still a possibility of misjudgment with the related indicators. The "active LTH" is defined as long-term held supply that has been moved at least once in the past seven years, excluding long-term dormant or non-circulating BTC. Currently, over 3.5 million BTC that have been held for more than 10 years remain dormant, with this supply increasing by an average of 8,000 to 30,000 BTC per month. Since 2019, this indicator has only shown negative growth once, due to an early miner reactivating and transferring approximately 100,000 BTC, which was a relatively isolated event. Darkfost believes that this signal reflects positive changes in the Bitcoin market, with ETF liquidity inflows being one of the driving factors. [Original Link]