What Is This Bull Market Dynamic?

Yestte: We can see basically the average price of these cohorts. In a bull market dynamic is when one, kind of, the short term holder cost basis really, really, really gets bid. And so that's kind of like a consolidation ora, a bear market dynamic. Over the last couple of months, over the course of the summer, we saw basically like an on chain bear market even though prices weren't too bearish. Yestte: Just now this ratio turned up, and it's actually now, you can think of it as green.

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