News · Bitcoin
Onchain data from CryptoQuant shows recent buyers are underwater, threatening to flip $77,700 into resistance as spot prices test the $75,832 short-term holder line.
Key point 1 of 3
01
Bitcoin fell below the $77,700 cost basis of one-to-three-month buyers, turning the previous support level into potential overhead resistance.
Key point 2 of 3
02
CryptoQuant data shows the nearest lower profit-and-loss band sits at $68,400, representing a 12% aggregate net loss for recent entrants.
Key point 3 of 3
03
Short-term holders who bought within the past 155 days hold an aggregate realized price of $75,832, narrowly above spot market levels.
Context
Bitcoin had traded above the average cost basis of one-to-three-month speculative buyers continuously since Aug. 19.
Why it matters
Speculative traders and short-term holders face mounting unrealized losses, increasing the probability of breakeven selling pressure if spot prices retrace toward $77,700.
What to watch
Market defense of the $75,832 short-term holder cost basis and whether the cohort's MVRV ratio breaches the 1.00 breakeven line toward 0.85.
Sources
Built from 1 primary source, machine-checked before publication.
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