On the impact of the average market holding cost on the current price trend Content word count: 900 Reading time:

1 minute Below is the average holding cost line of BTC from each historical low point to the present: November 9, 22 to the present: 36387 (profit of about 92.7%) August 8, 23 to the present: 47219 (profit of about 46%) January 23, 24 to the present: 61729 (profit of about 14%) February 29 to May 1, 24: 66940 (floating profit of about 5%) May 20, 24 to the present: 68944 (floating profit of about 1%) With the above data: the following conclusions:

1. The average holding cost from November 9, 22 to date is 36387 (profit of about 92.7%), which tells us that there are only a few people who buy the bottom below 20,000 in the market. Most people only start to try to buy BTC after November 10, 23. As a long-term ambush position, most people did not double even if they bought in the early stage, so there is no selling due to excessive profit in the market.

2. The average holding cost from August 8, 23 to date is 47219 (profit of about 46%), which tells us that most traders who tried to buy BTC after November 10, 23 were washed out in the decline that began on January 10, 24, and then chased back in during the rise from February 26 to 29. Even if this batch of chips is held, it will only be a floating profit of 20% in half a year, and there is no subjective rush to cash out.

3. The average holding cost from January 23, 2024 to date is 61729 (profit of about 14%), which tells us that the chips that were chased back during the rise from February 26 to 29 were sold at a loss in the lower track of the daily oscillation box, especially in the short trap on May 1. Retail investors do not have many BTC chips.

4. The average chips from February 29 to May 1, 2024 were 66940 (floating profit of about 5%), which tells us that most people chased high prices after the rise on May 20. The current shock is mainly aimed at cleaning up this group of people, but they will eventually get off the train.