Glassnode: BTC price is about 7% higher than short-term holder cost price. If it is lower than this level, it indicates a weakening of new investor sentiment
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Odaily Planet Daily News: Glassnode published an article on X platform stating that the Short Term Holder (STH) cost model of Bitcoin is crucial for measuring the sentiment of new investors. From a historical perspective, this model tracks market lows during bull market cycles and distinguishes between bull and bear markets. At present, the BTC price is about 7% higher than the STH cost price ($88135). If the price remains stable below that level, it may indicate that the sentiment of new investors is weakening - this is usually a turning point in the market trend