Analyst: "Average Holding Cost for BTC Held <3 Months" Once Again Becomes Support Level During Bitcoin Pullback
BlockBeats News, August 23rd, On-chain data analyst Murphy posted on social media yesterday, stating that the market's concern about Powell's speech led to an early reaction, dropping to $112,000 before the speech. This price happened to be the average cost basis of "BTC held for less than 3 months."
Murphy further explained that BTC held for less than 3 months represents a significant portion of short-term chips and is the most active part. The emotions of these new investors are also the most easily swayed. When the price falls below the cost line and paper gains turn into paper losses, significant psychological pressure arises, causing the market sentiment to shift from optimistic to pessimistic. This cost line happens to be at $112,000; the support comes from the fact that when these short-term investors are close to breakeven, they are unwilling to sell more chips, overall reducing selling pressure. At least they have not completely lost confidence in the future, so the emotional judgment should be only anxiety rather than panic.
Potrebbe interessarti anche
Chi ha guadagnato
Ultime notizie crypto
Amministratore delegato di Alibaba: Improbabile vedere una bolla di IA nei prossimi tre anni
Una balena aumenta la detenzione di 4,18 milioni di dollari in valore (WLFI), la posizione totale raggiunge 73,16 milioni di token
La società quotata Valereum ha ricevuto un investimento di 200 milioni di dollari per lanciare la sua strategia di tesoreria degli asset digitali
Il comitato consultivo degli investitori della SEC terrà una riunione il 4 dicembre per discutere di Corporate Governance e tokenizzazione azionaria.
Apertura del mercato azionario USA: Le azioni legate alle criptovalute sperimentano un declino generale
Assistenza clienti:@weikecs
Cooperazione aziendale:@weikecs
Trading quantitativo e MM:[email protected]
Servizi VIP:[email protected]