Bitcoin slips below recent buyers’ cost basis
BROBROK News · Based on reporting by Cointelegraph ·
Bitcoin has fallen below the realized price of investors who bought in the last one to three months, according to CryptoQuant data. That raises the risk that $77,700 shifts from support to resistance while traders watch lower cost-basis levels.
Key points
- BTC dropped below the $77,700 cost basis of 1-to-3-month buyers
- The next lower band tied to a 12% aggregate loss sits near $68,400
- Short-term holders have a realized price of $75,832
- A rebound toward breakeven could encourage some underwater holders to sell
- The short-term holder MVRV is currently around 1.012
Why it matters
When price trades below recent buyers’ cost basis, those levels can act as resistance and attract selling on rebounds. For crypto investors, this helps identify where sentiment may weaken or where support could be tested next.
Original headline: “Bitcoin price threatens $77.7K support loss with recent buyers underwater”
Read the original on Cointelegraph
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.