The cryptocurrency market, which is known for its volatility, is currently witnessing Bitcoin's ascent towards a critical juncture: the $45,000 mark.

This threshold, far from being a mere technical milestone, holds a deeper significance for a considerable portion of Bitcoin investors.

This importance stems from the fact that this level corresponds to the average cost basis for those who invested in Bitcoin between two and three years ago, according to insights from CryptoQuant.

These investors, who represent about 16% of the total Bitcoin supply and account for 33% of its realized capitalization, are now at a pivotal point, as the price approaches their initial investment value.

Alex Dovbnya