Join our Telegram channel now to stay up to date with breaking news coverage. As Bitcoin attempts to recover from recent losses, a critical scenario has emerged among its investors. Now, short-term holder wallets have reached a critical threshold, with their total cost basis falling below $65,000. This development may prompt these holders to consider exiting at a break-even or even loss-making price, potentially further exacerbating the market’s selling pressure.
In stark contrast, long-term holder wallets, benefiting from an average cost basis of around $20,000, remain steadfast in executing their strategies. As Bitcoin targets potential resistance at $65,000, it faces a dynamic interaction between short-term pressure and the determination of long-term holders.
Today's Biggest Crypto Gainers - Top of the Charts. In today's digital currency space, evaluating a project's profitability depends on several key factors, including liquidity, volatility, market sentiment, technical indicators, adoption, ecosystem robustness, and strategic partnerships. Ethereum Name Service, which leads the pack with 29.09%, is backed by high liquidity and the security of a solid blockchain naming system. Similarly, Livepeer follows closely behind, backed by its pioneering role in the decentralized live video streaming space and significant market liquidity despite a relatively low gain.
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