Here's the Tweet that kicked off a Twitter thread where this report was shared:

1/ Bitcoin's short-term holder cost basis has crossed below its long-term holder cost basis for only the 4th time ever.

This cross historically marks a cyclical bottom.

New edition of The Bitcoin Monthly is officially out, feat guest author @WClementeIII]

https://ark-invest.com/crypto-reports/the-bitcoin-monthly-september-report

https://i.postimg.cc/DZBV27Zd/image.jpg

https://twitter.com/yassineARK/status/1577430197359431681 [Nitter]

This monthly report is authored by ARK CEO Cathie Wood, ARK Analyst Yassine Elmandjra, ARK Research Associate David Puell, ARK Director of Research – Next Generation Internet Frank Downing, and Reflexivity Research Co-Founder Will Clemente.

Considering the market’s fast pace of change, ARK publishes The Bitcoin Monthly, an earnings report that details relevant on-chain activity and showcases the openness, transparency, and accessibility of blockchain data.

Topics Addressed in The Bitcoin Monthly September Report include:

• Bitcoin Market Summary
• On-Chain Fundamentals: Bitcoin Remains Oversold
• Macroeconomics: Uncertainty Continues To Weigh On Bitcoin’s Outlook

The Bitcoin Monthly: September Report - ARK Invest https://ark-invest.com/crypto-reports/the-bitcoin-monthly-september-report