U.Today – On January 10, 2009, history was made with the first Bitcoin-related tweet by early pioneer and computer scientist Hal Finney.
Finney’s iconic “Running Bitcoin” tweet was highlighted by Bitcoin historian Pete Rizzo, who shared on X “The first Bitcoin tweet, posted when the price was $0, exactly 16 years ago.”
Finney was among the first users of Bitcoin, and on January 12, 2009, he received the first Bitcoin transaction from Satoshi Nakamoto, the pseudonymous creator of Bitcoin.
Finney’s first Bitcoin tweet, sent 16 years ago, marked the beginning of a new era, as Bitcoin had no monetary value at the time. Fast forward 16 years and Bitcoin has become a global financial asset, with an all-time high of $108,268 on December 17, 2024.
As reported, Finney predicted that if Bitcoin becomes the dominant payment system in the world, its value “should be equal to the total value of all the wealth in the world.” Extending this logic, he set a value of $10 million for the leading cryptocurrency.
What Indicators Reveal About Bitcoin
At the time of writing, BTC is down 0.83% in the last 24 hours to $94,507.
Bitcoin’s Short-Term Holder (STH) cost basis model is a key indicator for gauging sentiment among new investors. Historically, this model has tracked market declines during bull cycles and distinguished between bull markets and bear markets.
According to Glassnode, the price of BTC is currently almost 7% above the STH cost base of $88,135. If the price stabilizes below that level, it may indicate weakening sentiment among new investors, which is often a turning point in market trends.
Meanwhile, the percentage of Bitcoin wealth held by new investors (coins less than three months old) has increased, accounting for 49.6% of the network’s liquidity. This implies that mature investors distributed the coins meaningfully during the rally, with new demand offsetting the sell-side pressure.
