#bitcoinshorttermholdersreach4.08mbtc
đ 4.08M BTC now sits with short-term holders. Is the new-buyer wave losing steam?
Short-term holder (STH) supply hit a ~4-month high, up ~422K BTC (~12%) since July 29. Many of these buyers entered around $82Kâ$86K, and their average cost basis is ~$74.9K.
What most posts skip: the pace is fading. Reported inflows were ~154K BTC in the first half of October but only ~48K in the latest week. The profit cushion has also narrowed, from ~16% to ~10%. Long-term holders sit on a far bigger buffer, so newer buyers tend to react first when volatility returns.
Levels to watch (reference zones, not guarantees):
đą $85Kâ$86K: reclaim = momentum improves
đĄ $80Kâ$82K: buyers need to defend
đŽ ~$74.9K: STH breakeven, selling risk rises
More holders â more demand. Price and volume must confirm.
Are recent buyers building the next leg up, or the next sell wall? đ
Not financial advice. DYOR.
#Bitcoin #OnChainData #MarketAnalysis $BTC
đ 4.08M BTC now sits with short-term holders. Is the new-buyer wave losing steam?
Short-term holder (STH) supply hit a ~4-month high, up ~422K BTC (~12%) since July 29. Many of these buyers entered around $82Kâ$86K, and their average cost basis is ~$74.9K.
What most posts skip: the pace is fading. Reported inflows were ~154K BTC in the first half of October but only ~48K in the latest week. The profit cushion has also narrowed, from ~16% to ~10%. Long-term holders sit on a far bigger buffer, so newer buyers tend to react first when volatility returns.
Levels to watch (reference zones, not guarantees):
đą $85Kâ$86K: reclaim = momentum improves
đĄ $80Kâ$82K: buyers need to defend
đŽ ~$74.9K: STH breakeven, selling risk rises
More holders â more demand. Price and volume must confirm.
Are recent buyers building the next leg up, or the next sell wall? đ
Not financial advice. DYOR.
#Bitcoin #OnChainData #MarketAnalysis $BTC