According to BlockBeats, Glassnode has analyzed that the current price of Bitcoin is still in the enthusiastic bull market phase. After entering the frenzy zone, it quickly fell back, with the real market average being $50,000. This represents the average cost basis of each active investor. If the macro bull market is expected to continue, this level is still a key price level that the market needs to maintain above.
The unrealized profit of Bitcoin indicates that the market may be overheated. Currently, this value is $92,000. The breakeven level of the short-term holder group is $64,000. The current spot price is lower than this level, but it is trying to recover. It is worth noting that only 7% of trading days recorded a spot price lower than the -1 standard deviation band, making it a relatively rare situation.