Short-Term Bitcoin Holders in Pain as Bear Market Deepens
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Short-term Bitcoin holders are facing losses due to a price gap of 28% as BTC trades around $67,000, while their cost basis is approximately $94,200. This ongoing correction is negatively impacting their positions.
“Short-term holders keep suffering as this correction drags on,” said CryptoQuant analyst ‘Darkfost’ on Wednesday.
The short-term holder cost basis is around $94,200, and with BTC back at around $67,000, the price gap has now reached 28%, they said.
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Coins
$ 65.75K
-0.51%
$ 0.00262
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In This News
Coins
$ 65.75K
-0.51%$ 0.00262
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Short-Term Bitcoin Holders in Pain as Bear Market Deepens
Share:
Short-term Bitcoin holders are facing losses due to a price gap of 28% as BTC trades around $67,000, while their cost basis is approximately $94,200. This ongoing correction is negatively impacting their positions.
“Short-term holders keep suffering as this correction drags on,” said CryptoQuant analyst ‘Darkfost’ on Wednesday.
The short-term holder cost basis is around $94,200, and with BTC back at around $67,000, the price gap has now reached 28%, they said.
In This News
Coins
$ 65.75K
-0.51%$ 0.00262
Share:
In This News
Coins
$ 65.75K
-0.51%$ 0.00262
Share:
Read More
Goldman Sachs’ Crypto Portfolio: BTC, ETH, XRP, and SOL Holdings Revealed