When analyzing Bitcoin's short-term holders, their average costs highlight two critical levels to monitor.
We classify investors who hold Bitcoin in their wallets for less than 155 days as short-term holders. This time, we focus on the costs of very short-term holders:
馃煝 1 week - 1 month --> $99,730
馃煟 1 month - 3 months --> $81,622
These two levels could serve as resistance and support levels, respectively. In particular, it is crucial for investors who have held Bitcoin for less than a month to move into profit.
Why is this important? Once these investors achieve profitability, their success stories could act as a catalyst to attract new entrants into the market, creating a positive feedback loop.
Thank you for reading!
Written by burakkesmeci
