Flipping $80K To Support Requires A Rally Through Holders’ Cost-basis
Tech Flipping $80K To Support Requires A Rally Through Holders Cost-basis Bitcoin (BTC) reached a new three-month high of $80,500 on Monday, testing the level for the first time since Jan. 31. The rally above $80,000 puts the price just below short-term holders cost basis of $81,486, the next dynamic resistance level. For the rally to continue, a daily close above this level is key to securing $80,000 as support. A rally to $81,500 may lock in the trend Bitcoin‘s rally to $80,000 places the price directly under the short-term holder’s realized price of $81,486. This metric reflects the average cost of coins moved over the last 155 days and indicates where recent buyers have flipped from loss to profit. A daily close above $81,500 would return these holders to profit and reduce sell-side pressure. According to crypto analyst Crazyyblockk, the short-term holder losses narrowed to about -2.17%, showing that the overhead supply band is thinning. The long-term holders (LTHs) hold near +27% profit and are not distributing aggressively. The spent-output profit ratio (SOPR), which tracks whether coins are spent at a profit or a loss, has climbed to 1.097 from 0.99. This indicates the coins are being spent in profit again, led by long-term holders. The