Will $BTC All-Time Value Metric and Short-Term Cost Basis Hold?
$38K is Panic Zone.
#Bitcoin dips, presenting crucial on-chain levels to watch closely!
➡️ All-time average MVRV: ~$40,000
➡️ Short term cost basis: ~$38,000
These are KEY areas for #BTC
Keep a close eye on how price reacts around these levels as the market evolves.
However, if Bitcoin falls under $38,130, short-term BTC holders will find themselves underwater.
This could trigger a new wave of panic selling as they rush to cut losses!
