Analysts: Bitcoin price is nearing the cost line for short-term holders; the trend is expected to become clearer after increased volatility.
AI Summary1 min read
TL;DR
Bitcoin price nears short-term holders' average cost at $99,460, with a 4% gap. Increased volatility near this level may clarify trend direction, potentially leading to bullish recovery above $100,000 or increased selling pressure below $89,500.
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BitcoinHalving TokensLayer 1QuantInteroperabilityQshort-term holdersprice volatilitymarket trendcost benchmark
According to Mars Finance, on January 17th, Crypto Quant analyst Axel stated that the Bitcoin price (currently $95,500) is approaching the average purchase cost of short-term holders ($99,460), with the price difference narrowing to only 4%. Axel explained that the current situation is within a decision-making range, rather than a market collapse. Historically, the area near the cost benchmark has often been accompanied by increased volatility and becomes a market reaction zone, potentially continuing the trend or triggering a reversal—either returning to a premium or facing a new round of selling pressure. If the price stabilizes above $100,000 and short-term holders turn from losses to profits, the outlook shifts back to bullish. If the discount rate returns to double digits (below -10%), corresponding to a price drop below approximately $89,500, it will significantly exacerbate the pressure on losing positions.