New Buyers Just Bought the Top of the Range. Is That a Problem? 🧠
Takeaway: short-term holders are back in force, and their cost basis is the level to watch.
🔹 Short-term holders now hold 4.08M BTC, the most since mid-June
🔹 Up 422K BTC (+12%) since the July 29 low, with 154K added in just two weeks
🔹 Most new buyers got in between $82K and $86K
🔹 Their average cost is ~$74,900, and their profit buffer has shrunk from ~16% to ~10%
My take:
More buyers means demand is real. But many entered near today’s price, so they have little cushion. That makes this group sensitive to dips, and they sell fast when they’re underwater.
What I’m watching:
✅ $74,900 is the breakeven. A drop below it puts the whole group in the red and could add selling pressure.
✅ Whether long-term holders keep holding through dips, which they have so far
I’m constructive while $BTC stays above $80K. I’d get cautious below $75K.
💬 Are new buyers fuel for the next leg or the next wave of sellers? 👇
⚠️ Not financial advice. DYOR.
#Bitcoin #BTC #OnChain #BinanceSquare #bitcoinshorttermholdersreach4.08mbtc
Takeaway: short-term holders are back in force, and their cost basis is the level to watch.
🔹 Short-term holders now hold 4.08M BTC, the most since mid-June
🔹 Up 422K BTC (+12%) since the July 29 low, with 154K added in just two weeks
🔹 Most new buyers got in between $82K and $86K
🔹 Their average cost is ~$74,900, and their profit buffer has shrunk from ~16% to ~10%
My take:
More buyers means demand is real. But many entered near today’s price, so they have little cushion. That makes this group sensitive to dips, and they sell fast when they’re underwater.
What I’m watching:
✅ $74,900 is the breakeven. A drop below it puts the whole group in the red and could add selling pressure.
✅ Whether long-term holders keep holding through dips, which they have so far
I’m constructive while $BTC stays above $80K. I’d get cautious below $75K.
💬 Are new buyers fuel for the next leg or the next wave of sellers? 👇
⚠️ Not financial advice. DYOR.
#Bitcoin #BTC #OnChain #BinanceSquare #bitcoinshorttermholdersreach4.08mbtc