So, is the cutoff price for BTC at $75,000? In addition, according to Glassnode's statistics on BTC on-chain data: 🔴 Average cost for short-term buyers: $95,400 🟡 Average cost per active investor: $87,300 🟢Actual average cost: $80,500 Currently, apart from long-term holders, the expected value of all other types of BTC holders is a loss. Data > slogans, facts > eloquence. It's perfectly reasonable to call BTC a complete garbage asset now!
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Mercury
@TraderMercury
02-01
if Bitcoin gets to $75k, watch for a dull reaction
this is an asset that often times likes to bleed straight through ‘obvious’ support levels that even my grandmother would have drawn on her chart
degens are likely gonna use leverage around that region in hopes of catching a
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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