Analyst: Bitcoin Price Nearing Short-Term Holder Cost Line, Anticipates Clarity in Trend After Increased Volatility

BlockBeats News, January 17th, Crypto Quant analyst Axel posted that the Bitcoin price (currently $95,500) has approached the average short-term holders' cost ( $99,460), with the current spread between the two narrowing to just 4%.

Axel explained that the current situation is within the decision range rather than a market retreat. Historically, the area near the cost base has often been accompanied by intensified volatility, becoming a market reaction zone that may continue the trend or trigger a reversal, either returning to a premium state or facing a new round of selling pressure.

If the price stabilizes above $100,000 and the short-term holders turn from loss to profit, they will convert back to a bullish view. If the discount rate returns to the double-digit range (below -10%), corresponding to a price drop to around $89,500, it will significantly increase the pressure on holders with losses.