Bitcoin Approaches Cost Basis Range for Two Investor Groups, Potentially Impacting Current Upward Momentum

Odaily reports that Darkfost posted on X platform stating that Bitcoin is approaching the average cost basis of two holding groups: investors holding for 18 months to 2 years have a cost basis of approximately $88,350, while investors holding for 6 to 12 months have a cost basis of approximately $89,200.

Darkfost noted that cost basis represents the average holding cost of a group, not a natural support or resistance level; as the price approaches this range, the behavior of relevant investors may change, and this area can be viewed as a potential risk zone. The group of investors holding for 6 to 12 months has been at an overall loss for nearly a year, with some investors potentially having bought at market highs; some may sell after breaking even, while others may continue buying to lower their holding costs.