Is the bitcoin holder cost basis ratio trending downward?
Good day, fellow finance enthusiasts. I've been noticing a particular trend in the cryptocurrency market, specifically regarding the bitcoin holder cost basis ratio. I'm curious, is this metric indeed trending downward? Could you elaborate on the potential reasons behind this trend, and how it might be impacting the overall bitcoin market and the investment strategies of cryptocurrency holders? Additionally, what are the implications of a declining cost basis ratio for long-term investors and market sentiment?