Glassnode: The BTC price is about 7% higher than the cost price for short-term holders. If it falls below this level, it indicates that the sentiment of new investors is weakening

Odaily Planet Daily reports that Glassnode posted on the X platform saying: "The short-term holder (STH) cost model of Bitcoin is crucial for measuring the sentiment of new investors. Historically, this model tracks market lows during bull market cycles and distinguishes between bull and bear markets. Currently, the BTC price is about 7% higher than the STH cost price ($88,135). If prices stabilize below this level, it may indicate that the sentiment of new investors is weakening - which usually marks a turning point in market trends."