Short-Term Holder Confidence

Short-Term Holder Confidence is used to track the confidence of chips held for less than 155 days in future trends.

The blue line is the short-term holder's holding cost (the average price of chips held for less than 155 days when they are bought), and the yellow line is the short-term holder's spent cost (For chips with a holding time of less than 155 days and moved on the same day, the 7-day MA of the average price during the day's movement).

When the yellow line is lower than the blue line, it means that short-term investors sell BTC at a price lower than the cost price, and the market sentiment is pessimistic.

When the yellow line breaks through the blue line, it means that short-term investors begin to turn from general losses to gradual profits, which is a signal that market confidence has recovered and the trend has begun to reverse.