BTC short-term holder supply hits a nearly three-month high; analysts warn that a break below a key price level could trigger selling pressure
October 16 — According to the latest on-chain analysis by crypto analyst Axel Adler Jr., short-term holders’ Bitcoin holdings have climbed to around 4.08 million BTC, the highest level since mid-June.
The chart shows that since July 29, short-term holders have accumulated around 422,000 BTC, an increase of 12%. They added around 154,000 BTC in the first two weeks of October and a further 48,000 BTC over the past week, indicating that short-term capital is entering the market at an accelerating pace.
In terms of cost basis, most new buyers purchased Bitcoin in the $82,000–$86,000 range, pushing short-term holders’ average entry price up to around $74,900.
Analysts currently consider this average cost basis a key support level. If Bitcoin’s price falls below it, short-term holders as a group will be sitting on unrealized losses, potentially triggering stop-loss selling and intensifying market pressure.
Short-term holders are particularly sensitive to market sentiment, and their cost basis often serves as an important psychological support or resistance level.
In summary, the market is at a critical juncture, with accelerating capital inflows coinciding with the risk of selling pressure. Behind the three-month high in short-term holders’ Bitcoin holdings is a “profit safety rope” that is tightening.
Bitcoin still has some room before reaching the $74,900 line of defense. However, as unrealized profits shrink when prices fall, investors should watch this key signal: the cost basis of short-term holders.
#短期持有者比特币持仓
October 16 — According to the latest on-chain analysis by crypto analyst Axel Adler Jr., short-term holders’ Bitcoin holdings have climbed to around 4.08 million BTC, the highest level since mid-June.
The chart shows that since July 29, short-term holders have accumulated around 422,000 BTC, an increase of 12%. They added around 154,000 BTC in the first two weeks of October and a further 48,000 BTC over the past week, indicating that short-term capital is entering the market at an accelerating pace.
In terms of cost basis, most new buyers purchased Bitcoin in the $82,000–$86,000 range, pushing short-term holders’ average entry price up to around $74,900.
Analysts currently consider this average cost basis a key support level. If Bitcoin’s price falls below it, short-term holders as a group will be sitting on unrealized losses, potentially triggering stop-loss selling and intensifying market pressure.
Short-term holders are particularly sensitive to market sentiment, and their cost basis often serves as an important psychological support or resistance level.
In summary, the market is at a critical juncture, with accelerating capital inflows coinciding with the risk of selling pressure. Behind the three-month high in short-term holders’ Bitcoin holdings is a “profit safety rope” that is tightening.
Bitcoin still has some room before reaching the $74,900 line of defense. However, as unrealized profits shrink when prices fall, investors should watch this key signal: the cost basis of short-term holders.
#短期持有者比特币持仓