Bitcoin short-term holders have remained in loss for nine months, with $65,000 becoming a key level.

iconKuCoinFlash
Share
This is the logo of the coin.
BTC
$64,976.400.72%
AI summary iconSummary
Bitcoin short-term holders have remained in loss for nine months, with a key level at $65,000. According to CryptoQuant’s Darkfost, these holders have an average cost of $68,800 and are selling at a 4% loss. Traders are advised to consider a stop-loss strategy as Bitcoin struggles to stabilize. Long-term investing remains a key approach for those holding beyond 155 days.

BlockBeats news, on July 23, CryptoQuant analyst Darkfost posted that Bitcoin short-term holders (those holding for 155 days or less) have now been in a state of realized loss for approximately nine consecutive months—a characteristic typically associated with bear market conditions.


Estimated cost basis for short-term holders is approximately $68,800, indicating continued overall pressure. As Bitcoin attempts to hold above $65,000, short-term holders are expected to be selling at a loss of around 4%.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.