Indicator Overview

The indicator visualises the Short-Term Holder (STH) Realised Price (the aggregate cost basis of coins held for less than 155 days) alongside various multiples, acting as dynamic support and resistance zones. The central line is the STH Realised Price, while the bands represent standard deviation multiples that track the typical price volatility relative to the STH cost base.

How To Use

STH Cost Bands are used to gauge market extremes and identify high-conviction buying or selling opportunities. When the market price breaks above the higher bands, it signifies extreme Short-Term Holder profit and is a historical marker for cyclical tops. Conversely, when the market price falls below the lower bands, it signals severe Short-Term Holder losses and high pain, marking historical cyclical bottoms and accumulation zones.