Bitcoin Breaks Above 1-3 Month Holder Cost Basis on April 15, Maintains Above Key Level

BTC-1.27%

According to ChainCatcher and analyst Murphy, Bitcoin broke above the 1-3 month holder cost basis (1-3m_RP) on April 15 and has maintained its position above this level through May 18. This metric tracks short-term holder acquisition costs and is considered a key indicator for identifying cycle bottom formations. Historical patterns from previous cycles (2015-2016, 2019-2020, 2022-2023) show similar breakthrough dynamics preceding price recovery phases.

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