BTC Long and Short Term Holder Cost Data Update: The Main Reason for the Rise in LTH-RP Continuing the quote below, after two weeks, I will report the latest data on STH/LTH to you today; Meanwhile, a group member recently asked a good question: Why does LTH-RP keep rising, but Cointime Price doesn't change much? '' In today's post, I will also analyze the principles of blockchain and provide answers to the popular science question ： // 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 In the previous analysis post (quoted below), I used a simplified calculation method, I shared with you some biases regarding the evaluation of bottom (signal triggered) time, For friends who haven't read it yet, it is recommended to move to the following citation first, In order to better understand the content of today's post. Returning to the present, as shown in the attached figure, the latest data is as follows: ➡️ LTH-RP（ ）= 49220, down about 654 points compared to two weeks ago ➡️ STH-RP（ ）= 69634, up about 275 points compared to two weeks ago Basically, as long as BTC continues to fluctuate within the same range (without any trend market), The intersection of STH-RP and LTH-RP will inevitably occur, Unless BTC has already bottomed out before this (see citation below for details). // Recently, a group member asked in the group: Why does LTH-RP keep rising, but Cointime Price remains relatively stable? '' Through today's analysis post, I will also share with you the concept of this topic. Introduction to Cointime Price Indicator https://(((((((((x.com)))))))))/market_beggar/status/1871466038107512855 Firstly, the increase in LTH-RP is equivalent to an increase in long-term holder costs, There are two main reasons for their cost increase: one ️⃣ The LTH-RP group is selling heavily (LTH holding costs are mostly lower than market prices) two ️⃣ A large number of high-level prisoners are unwilling to cut their flesh, ultimately becoming a 'passive' LTH group The first one ️⃣ It's easy to think of a point, but if there really is a large number of low-cost holders selling, In theory, Cointime Price should rise accordingly, But according to our previous continuous tracking of the "Golden Pit Bottom Search Series" for over 3 months, We can observe that the Cointime Price has almost completely stopped increasing or decreasing, This basically eliminates 1 ️⃣ The possibility. (Friends interested in reviewing the data at that time can refer to the following two links) Golden Pit Tracking Series (1): Latest Data Update on the "Four Major Deep Bear Bottom Hunting Models" https://(((((((((x.com)))))))))/market_beggar/status/2021763207296430279 Golden Pit Tracking Series (17): Latest Data from the "Four Major Deep Bear Bottom Hunting Models" https://(((((((((x.com)))))))))/market_beggar/status/2062713685639049363 Since 1 ️⃣ If the possibility is ruled out, then there are only 2 left ️⃣ Yes, it is, Does the existing data support 2 ️⃣ What about the statement? The answer is affirmative. Berg's old friend may remember that I previously targeted chips that were trapped above 100K, I have written several articles analyzing the core point, which is that 'their willingness to sell is extremely low', Even if the price falls and BTC enters a bear market for over 6 months, These numerous trapped souls still demonstrate the spirit of the 'Diamond Hand', And this has led to these high priced bought chips passively becoming LTH and raising LTH-RP. Interested friends can refer to my previous post, which I have briefly picked up three: Old Dog Don't Panic, I Don't Panic ": Latest Data Tracking of Trapped Disk Above 100000 RMB https://(((((((((x.com)))))))))/market_beggar/status/2013428574179729645 Berg Chain Weekly Report (67): Roller Coaster https://(((((((((x.com)))))))))/market_beggar/status/2030504605227049079 Berg Chain Weekly Report (78): Firm High Level Trappers https://(((((((((x.com)))))))))/market_beggar/status/2058412655946403851 In summary, I believe everyone can understand the reasons for the continuous increase of LTH-RP: The rise of LTH-RP is not due to LTH continuously buying (this is the most common misconception), And even if there is real capital to buy, it will not immediately become LTH, But it needs to wait until after 155 days (defined by Glassnode) to convert to LTH. The above is today's content, hoping to be helpful to everyone // Related reading resources Path deduction of BTC's' three periodic bottom structures' https://(((((((((x.com)))))))))/market_beggar/status/2075529216591053204 'Battle situation stuck': Small level liquidity tug of war reappears once again https://(((((((((x.com)))))))))/market_beggar/status/2076484122898542754 Cointime Price, a legendary tool for bottom fishing in cycles, has experienced historical retracement https://(((((((((x.com)))))))))/market_beggar/status/2074678322546814985