Bitcoin Nears $87,800 Breakeven Level for 6- to 12-Month Holders
Summary
- Bitcoin is approaching $87,800, the breakeven point for investors who bought the token in the past six to 12 months.
- According to on-chain analytics firm Glassnode, Bitcoin is moving toward $87,800, the average cost basis for holders who have held the token for six to 12 months.
- Selling activity by investors who have held Bitcoin for one to two years is increasing, with different trading patterns emerging depending on the holding period.
Forecast Trend Report by Period
Bitcoin is approaching the $87,800 breakeven level for investors who bought the token six to 12 months ago. At the same time, selling by investors who bought one to two years ago is increasing.
Glassnode said on Oct. 13 that Bitcoin is nearing $87,800, the average cost basis for holders who have held the token for six to 12 months.
That level marks the point at which investors who bought Bitcoin over the past six to 12 months would, on average, break even.
Meanwhile, selling activity among investors who have held Bitcoin for one to two years has picked up. Glassnode data shows different trading patterns by holding period.
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