Benking's avatar
Benking
npub1dge9...5uq3
NOT A FOUNDER OR A CEO OF ANYTHING ONLY BITCOIN 🧡⚡️
No tiktok. No facebook. No twitter. No instagram. No pinterest. Every day a little more #nostronly.
According to a new analysis by CryptoQuant, #Bitcoin has entered a sensitive area. The price is trading below the “realized price” of medium-term holders (UTXOs that are 12-18 months old). This group of holders usually plays a significant role in stabilizing the market. The data shows that a significant portion of these coins are now at a loss. Historically, when the price remains below the cost of this group for a period of time, the market enters a structural downward phase from the usual corrections. At the same time, the pace of accumulation in this group has slowed. Although their stock is still high, its growth rate has flattened, indicating weakening marginal confidence and reduced buying on dips. In previous cycles, such a pattern has often preceded distribution phases and broader selling pressure. The conclusion of this analysis is that until #Bitcoin can consolidate with renewed strength above the realized price (around $81,700) of these holders and at the same time regain the momentum of accumulation, the market structure will remain prone to fragile volatility, weak returns, and greater downside risk.