Bitcoin 69000 has come for a second exploration..! The mining cost of the world's largest mining company MARA is here.. preparing to fall below the shutdown price! Is it time to buy the dip for Ethereum? What about altcoins? #BTC #ETH
The latest $ETH spot ETF average purchase cost is $3,520, which has already dropped by 44%, resulting in an unrealized loss of $5.15 billion.
Additionally, Bitmine's $ETH $ cost averages at $3,857, which has nearly been halved. However, Tom Lee has recently purchased 20,000 ETH and continues to stake, having staked nearly 3 million ETH (valued at $6 billion).
BTC's latest bottom range update calculated with Realized Price: $44,000~$69,000
Based on past bull market experiences, when the red line is encountered (in bull markets with FOMO), the bottom of the bear market usually touches the position of 0.8*RP, similar to the situations in 2019 and 2023.
However, if there is no FOMO, and the bear market enters around the yellow line, it may resemble the minor bull of 2020, with the lowest point being close to the position of the Realized Price, which is currently around $55,000~$56,000.
The Realized Price can be understood as the average holding cost of all network holders (including retail and large whales).
It can be said that the bear market's "duration" can be long or short; no one can know with 100% certainty whether it will be after mid-year or until the end of the year, but in terms of "price," Bitcoin's current price is definitely closer to the bottom than the top.
Strategy purchased 1,142 bitcoins last week, with a total expenditure of approximately 90 million dollars, and the average purchase price was 78,815 dollars.
The week before last, over 800 were bought, and this week over 1100 were bought, regardless of price increases or decreases, Strategy continues to buy..
BTC Average Down in the Key Range of 59567 to 61097
Today, there are two main points. Firstly, if you are one of those who have been averaging down in the key range of 59567 to 61097 based on our videos over the past few days, my suggestion is that especially if you are trading contracts, then the range of 69138 to 74000 is a price where you must at least take some profits in batches, as this is also the most likely area to face resistance on the rebound.
The second point is to pay attention to the weekly K closing. Unless the weekly K closes above the key level of 74000, this can still be considered a sharp drop rebound. If we want to see a V-turn established, 74000 must be reclaimed, which makes it interesting. But let's focus on it for now.
Bitcoin 74,000 lifeline! What to do if there are still altcoins in hand? Is there still hope? Will the Fed led by Kevin Warsh no longer have altcoin seasons? Part2 #BTC #ETH
Bitcoin is facing a complete collapse.. the most critical 74,000 has been reached! The three giants of ETH are heavily injured and down! The Federal Reserve led by Kevin Warsh will no longer have a copycat season!? #BTC #ETH
Strategy bought 855 bitcoins last week, costing about 75.3 million USD, with an average price of 87,974 USD per bitcoin.
The week before last, over 20,000 bitcoins were bought, the week before that, nearly 3,000, and last week, 800 bitcoins were bought, indicating a significant decrease in buying power.