[Bitcoin price revelation] Short-term holders are losing money, where is the market going?
Hello everyone! Today we are going to talk about Bitcoin's "heartache line", which is the average cost price of short-term holders. 📊
Now this number (the average cost price of short-term holders) is about $64,000. The price of Bitcoin has risen since the day before yesterday, but the current price is still around $59,000, which means that many short-term investors are losing money now, with a loss rate of less than 10%. 😟$BTC
Historically, when the price of Bitcoin falls below this "heartache line", market sentiment is usually pessimistic. But if the price can rebound to this level or even exceed it, it means that the market is starting to strengthen. 🚀
So, the next point to watch is, what will happen when the price of Bitcoin approaches $64,000 again? Will it encounter resistance here and continue to fall, or will it break through this barrier and rise all the way? 🤔
This will also be the key to judging the next trend of Bitcoin, whether it is strong or weak. Short-term investors can only wait for the opportunity to change. After all, this is related to their short-term investment decisions, right? 💰
Don't forget that the market is always unpredictable, but paying attention to these key indicators can always help us better understand the future market development context.
So, let's keep an eye on the market and be ready to deal with every possibility brought by Bitcoin! 👀
