Recently, BTC hit the true market cost price line. What does this usually mean? It typically indicates that retail investors' speculative sentiment has been mostly washed out.
What happens after the shakeout? Honestly, no one can say for sure—both upward and downward movements are possible, just like opening a mystery box.
However, in the short term, it's likely to consolidate sideways for a while, and then there might be a decent rebound.
By the way, here's a quick explainer: the True Market Mean Price (TMMP) indicator is quite interesting. It calculates the average holding cost of active secondary market participants, excluding coins mined by miners. If the price is far above TMMP, it means the market is overheated and there may be a bubble. If it drops below TMMP, that's often a window for bottom-fishing opportunities.
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JustHodlIt
· 12-09 20:00
The area near the cost price is basically a casino. If this rebound really comes, it will take off.
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PebbleHander
· 12-09 20:00
Retail investors have been wiped out again; this round of shakeout is indeed ruthless.
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ApeShotFirst
· 12-09 19:58
Damn, is it going to go sideways and consolidate again? I really can’t wait any longer, this is torturing retail investors.
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SignatureVerifier
· 12-09 19:53
ngl, tmmp hitting cost basis is technically just one datapoint—requires further auditing before drawing conclusions. too many variables insufficient validation here. but yeah, retail getting liquidated is... predictable. sideways action then potential relief bounce makes statistical sense. though tbh the "blind box" framing? that's where rigor goes to die. trust but verify, not trust and pray.
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RugDocScientist
· 12-09 19:51
Retail investors got rekt again. Is this really the bottom this time? Haha.
Recently, BTC hit the true market cost price line. What does this usually mean? It typically indicates that retail investors' speculative sentiment has been mostly washed out.
What happens after the shakeout? Honestly, no one can say for sure—both upward and downward movements are possible, just like opening a mystery box.
However, in the short term, it's likely to consolidate sideways for a while, and then there might be a decent rebound.
By the way, here's a quick explainer: the True Market Mean Price (TMMP) indicator is quite interesting. It calculates the average holding cost of active secondary market participants, excluding coins mined by miners. If the price is far above TMMP, it means the market is overheated and there may be a bubble. If it drops below TMMP, that's often a window for bottom-fishing opportunities.