Above $83,000, how concentrated are investors’ cost bases? Bitcoin ($BTC ) is currently trading at 83,425.86 USDT, up 0.46% over the past 24 hours. Crypto analyst Darkfost says that when the price reached $83,000, around 53% of investors’ cost bases were above that level, meaning current buyers’ holdings cost more than those of over half of market participants. According to Odaily Planet Daily, $84,000–$85,000 is currently the largest concentration of holdings, and many investors may react at this key price range. It is also an important resistance level that the price would need to break through for a continued move higher. If the price pulls back, $79,000–$77,000 could become potential support. The 53% refers to cost-basis levels, while 0.46% refers only to the gain over the past 24 hours. The two ranges mark a concentration of holdings and a potential support zone in the event of a pullback; neither indicates what direction the price will take next.
#比特币 #CryptoNews