BTC short-term buyers are 95% under water, and are facing challenges to hold. BTC is testing multiple levels of cost basis, with deep liquidity around
BTC has put significant pressure on new buyers, with wallets aged less than 155 days carrying significant unrealized losses. For now, BTC has not shown signs of panic-selling even from those cohorts.Recent Bitcoin buyers are holding unrealized losses after buying at a high cost basis. Even thereserves of Strategyare underwater, with up to40%of the supply held with unrealized losses.The newest cohort of wallets aged under 155 days is currently being tested. BTC hovered at $91,270.42, while peak b
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