This indicator is called
📉 Short-Term Holder Cost Basis Model
from Glassnode and is paid
It is used as a risk opportunity indicator that assesses the behavior of investors in the short term with Bitcoin.
🛑 If the price is above the red line, it is considered risky and a strong correction is likely.
If the price is between the yellow and red lines, as is currently the case,
the price is currently between the yellow and red lines, what does this mean? It means
that the market is hot, and there is a possibility of profit-taking.
If the market is close to the blue line, it indicates moderate areas for strong buying opportunities and no clear risks.
And if the price is close to or below the green line, it means the market is cold, fear is high, and prices are suitable.
