Is Bitcoin Signaling the End of the Bear Market? Analyst Weighs In

Key Points of the Article

STH cost basis drops to $69,000

Bullish market entry confirmed by an upward cross

On-chain analyst Darkfost reported on the 18th via X (formerly Twitter) that the cost basis for Bitcoin's short-term holders (STH) and long-term holders (LTH) has crossed downward, signaling that the bear market may be nearing its end.

According to Darkfost, this signal, which was confirmed after a three-day verification period, does not necessarily mean that the market bottom has been decided at this very moment, but it does indicate that the bear market, which has lasted for nine months, could be concluding.

However, ...