🚨🚨🚨BTC ON-CHAIN UPDATE!
BTC remains capped below the average cost basis of the 6–12 month holder cohort, now at ~$86.7K (down from ~$88K last week).
These recent buyers are still underwater, so the zone continues to act as strong resistance and a source of sell pressure on rallies.
A decisive reclaim and hold above $86.7K would put this group back in profit, ease overhead supply, and improve the short-term outlook. Until then, expect this level to remain a key battleground.
$LTC $ICP $FET
"The market rewards the sharp & patient; be both."
#BTC #Supply
BTC remains capped below the average cost basis of the 6–12 month holder cohort, now at ~$86.7K (down from ~$88K last week).
These recent buyers are still underwater, so the zone continues to act as strong resistance and a source of sell pressure on rallies.
A decisive reclaim and hold above $86.7K would put this group back in profit, ease overhead supply, and improve the short-term outlook. Until then, expect this level to remain a key battleground.
$LTC $ICP $FET
"The market rewards the sharp & patient; be both."
#BTC #Supply
