Growth hacking
fromEntrepreneur
1 week agoInnovation Looks Like Hype Before It Really Works - Here's Why
Innovation progresses slower than public perception, leading to overhyped technology trends and narratives that can be difficult to change.
Heat looks like validation, and validation looks like safety. It is hard to ignore a sector when customers start leaning forward at the same time investors do. Still, the more cycles I have lived through in competitive technology businesses, the more I see heat as an optical illusion. It sharpens whatever is easiest to notice and blurs the underlying mechanics that determine who or what holds control.
We begin with the Short-Term Holder Realized Price, effectively the average cost basis for new market participants. This level has historically acted as a dynamic zone of support and resistance throughout each cycle. At present, the STH realized price sits around $113,000, close to where Bitcoin is currently trading. Despite the sharp liquidation event earlier this month, the market has rebounded and stabilized around this level.