Analyst: Bitcoin has dropped below the 2025 CEX Withdrawal Average Price, staying below this level may trigger further selling pressure

BlockBeats News, February 5th, Coindesk analyst James Van Straten stated that the 2025 average Bitcoin (BTC) withdrawal price from exchanges is currently $100,356. Currently, the trading price of Bitcoin is slightly below this level, hovering around $98,000. When Bitcoin stays below the average withdrawal price for a significant period of time, people start to worry, often triggering sustained selling pressure and bringing about further downward price movement. Historically, this indicator has always been a strong support level for Bitcoin.

James Van Straten added that breaking below this support level does not necessarily mean a bear market or continued decline, as historically, Bitcoin tends to quickly recover to this price level. However, currently, over 2.6 million BTC are in a state of unrealized losses, and the longer the price stays below the 2025 average withdrawal level, the higher the likelihood of further decline.