BTC Short-term holder average 5% loss…Psychological resistance is 91,000 dollars

The 뉴스 · 25/04/22 02:10:08 · mu/뉴스

It was found that investors who have held Bitcoin for less than 6 months are seeing losses on average. On-chain analyst Crazzyblock analyzed through Cryptoquant's article that the average realized price for these short-term holders is formed at about 91,000 dollars, and this is acting as a strong psychological resistance line in the current market.

He diagnosed, "The average loss rate for holders under 6 months is estimated to be about -5.18%. In particular, this range is a risk zone where profit-taking or stop-loss selling pressure may pour in if the rising trend stalls." On the other hand, new investors holding for less than 1 month remain in the profit zone, and an analysis has also emerged that it is giving a positive signal to the market in the short term.

Crazzyblock added, "The fact that new entrants are experiencing profits is one factor that lowers the panic sell possibility in the market and supports short-term momentum." He emphasized the need for caution regarding the possibility of increased volatility at this range, although new buying pressure is expected if 91,000 dollars is fully broken through.

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