Short-Term Holder Position Change

Short-Term Holder Position Change is used to track the daily change in the amount of BTC held for ≤155 days.

Adjust the SMA parameter to 30 and observe that:

This indicator can be used as an auxiliary indicator for judging the bottom range. Even if other indicators have been used to judge that the market is close to the bottom range, and the BTC price suddenly accelerates in the long-term downward trend, the indicator rises rapidly, indicating that the price at this time is very attractive. force, which often corresponds to the bottom range of prices.