"Reclaiming $80,000 Will Determine the Next Direction": Focus on ETF Investors and Short-Term Whale Selling Pressure, Analysts Say

The $80,000 Mark Will Determine the Next Direction

On the 22nd, CryptoQuant's registered analyst, MorenoDV_, noted in his analysis that the average acquisition cost (realized price) for Bitcoin ETF investors is approximately $76,400, closely matching the current spot price. Additionally, the realized price for short-term holding whales is about $79,600, slightly above the recent price levels. The convergence of these two investor groups near their break-even points has intensified the battle for the $80,000 mark as the next market...