$BTC profit retracement, increased holding cost, should you continue holding????
CryptoQuant analyst: The average cost for BTC short-term holders holding less than 6 months is about $76,000, with a current unrealized profit of about 5.9%.
In the past week, unrealized profit narrowed from 8.7% to 5.9%, BTC dropped about $1,000, but the average cost of short-term chips actually rose about $1,100.
The cost for short-term holders is 1.56 times that of long-term holders ($76,000 vs $48,600), the ratio rose from 1.54 to 1.56, mainly due to the rise in short-term cost while long-term holders' cost remained basically flat.
💥💥💥 If BTC falls below $76,000, chips bought in the past 6 months will overall turn unrealized loss; the last time this happened was in mid-August this year.
One thing to note here: the average cost is only a group mean, some investors who entered at high levels are still at a loss.
$ETH is the same, ETH profit retracement + increased holding cost, for traders holding for 6 months, the holding price is getting closer to the cost line, about to break below the cost line!
#BTC现货ETF资金反复，市场买盘能否企稳？
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