Analyst: Bitcoin's price is approaching the break-even point for short-term holders; the trend is expected to become clearer after increased volatility
Svmuu News: Crypto Quant analyst Axel posted that the price of Bitcoin (currently $95,500) has approached the average purchase cost for short-term holders ($99,460), with the gap between the two narrowing to just 4%.Axel explained that the current situation represents a decision point rather than a market collapse. Historically, the area near the cost basis is often accompanied by increased volatility and serves as a market reaction zone, where the trend may continue or a reversal may occur—meaning the market could either return to a premium or face a new round of selling pressure.If prices stabilize above $100,000 and short-term holders move out of the red, the market will shift back to a bullish stance. If the discount rate returns to the double-digit range (below -10%), corresponding to a price drop below approximately $89,500, it will significantly intensify the pressure on holders with losses.
Source:Odaily · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
DeItaone reports multiple institutions, including JPMorgan, HSBC, and Jefferies, raised price targets for various companies
-
2
Nissan Motor reports Q1 net profit of 3.7 billion yen ($24 million), first quarterly profit in 2 years, maintains full-year target
-
3
Oil prices fall to three-week low after Trump calls off planned attack
-
4
Morgan Stanley's Wilson Tips Earnings to Revive Momentum Trade
-
5
USDT Stablecoin Trading Platform Selection Guide: Which Platform is Right for You?
-
6
FXE Token and the ETF of the Same Name: Investment Value Analysis and Risk Warning
-
7
Kim Yong-beom, Director of the Office of Policy at the South Korean Presidential Office, has been accused of abuse of power, suspected of hastily pushing for the listing of a single-stock leveraged ETF.
-
8
Taiwan Security Chief Says China's 'Hybrid Warfare' Tests Whole Region
-
9
Major Global Cryptocurrency Exchanges: A Guide to Size and Options
-
10
USDC on-chain issuance increased by 60 million, worth approximately 60 million US dollars.
Markets Today
Recommended Reading





