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Analyst: Bitcoin's price is approaching the break-even point for short-term holders; the trend is expected to become clearer after increased volatility
Svmuu News: Crypto Quant analyst Axel posted that the price of Bitcoin (currently $95,500) has approached the average purchase cost for short-term holders ($99,460), with the gap between the two narrowing to just 4%.Axel explained that the current situation represents a decision point rather than a market collapse. Historically, the area near the cost basis is often accompanied by increased volatility and serves as a market reaction zone, where the trend may continue or a reversal may occur—meaning the market could either return to a premium or face a new round of selling pressure.If prices stabilize above $100,000 and short-term holders move out of the red, the market will shift back to a bullish stance. If the discount rate returns to the double-digit range (below -10%), corresponding to a price drop below approximately $89,500, it will significantly intensify the pressure on holders with losses.
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