| Mobile Web

Bitcoin short-term holders stuck in losses for 8 months; recovery line at $74,800

Bitcoin short-term holders have remained in an unrealised loss zone for eight months as the market price has failed to recover key purchase levels, an analysis showed. On-chain analyst Darkfost, citing CryptoQuant data, put the group’s average cost basis at about $74,800, with losses averaging 14.4%. Losses have eased from early February levels above 34%, but the cost basis is acting as resistance and triggering selling pressure when approached.