Bitcoin May Be Nearing a Bottom as Historic Market Signal Reappears, Analyst Says

BitcoinWorld Bitcoin May Be Nearing a Bottom as Historic Market Signal Reappears, Analyst Says Bitcoin may be approaching a potential market bottom, according to a widely followed crypto analyst, as a metric that historically appeared during past cyclical lows has resurfaced.

The analyst, known as Doctor Profit, highlighted that the average cost basis of short-term holders has fallen below that of investors who have held for one to two years — a pattern seen in 2015, 2019, and 2022.

Understanding the Signal This on-chain metric tracks the realized cost basis of different investor cohorts.

When short-term holders — typically defined as those who acquired Bitcoin within the last 155 days — have a lower average cost than the one-to-two-year holder group, it indicates that newer entrants are selling at a loss.