Most Bitcoin holders are underwater.


Nearly every cohort that bought in the past 18 months sits below its cost basis.
On the downside, the 1 month to 3 month cohort has its cost basis near $73K, which is the first level to watch. A break below it opens the path toward $69K, where the 18 month to 2 year cohort sits.
On the upside, the 1 week to 1 month cost basis near $79K is the immediate resistance, and above that the 3 month to 6 month band near $84K is the next hurdle.
Short-term holders are caught between these levels. If $73K breaks, a capitulation wave could follow.
If they hold and price reclaims $79K, the pressure begins to ease.
BTC-2.12%
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GateUser-d1dca213
· 7h ago
nice
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