Bitcoin price threatens $77.7K support loss with recent buyers underwater
Bitcoin fell below the realized price of the one-to-three-month-old buyer cohort in a move that risked flipping it to new resistance.
Bitcoin fell below the realized price of the one-to-three-month-old buyer cohort in a move that risked flipping it to new resistance.
Bitcoin (BTC) risks turning $77,700 into new resistance as recent buyers fall into an aggregate loss, analysis warns.
Data from onchain analytics platform CryptoQuant shows that BTC/USD is now trading below the realized price, or cost basis, of investors who entered the market between one and three months ago.
“What is also notable is that the Trader Realized Price has been rising steadily while BTC has been correcting. The gap between price and the cost basis has now narrowed significantly,” the contributor added.