Bitcoin: New buyers already underwater 🚨

Binance STH now hold 4.08M BTC — +422k since July (+12%)

But buying is dying:
106k BTC/week → 48k BTC/week = -55% slowdown

Newest buyers entered $82k-$86k
BTC at $82,100 = already at loss 📉

Pain line: $74,900 cost basis
Only -8.8% ($7,200) away — BTC tested $79,800 Thursday

Cushion crushed: 16% → 10%
LTH: $48.6k cost, 72% cushion — can hold -40% dump
STH: $74.9k cost, 10% cushion — sells first when red

Fragile cohort forming.

Do you think $74.9k will hold or we see panic sell?

$BTC

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