Analyst: Bitcoin falls below short-term holder cost, selling to close positions risk intensifies
- As of August 8, Bitcoin is trading at $64,952, while the short-term holder (STH) realized price is $67,523.
- The current spot price is 3.8% lower than the STH realized price, creating a gap of $2,571.
- Over the past 284 days, Bitcoin has closed below the STH realized price 279 times.
- This situation may lead STH holders to start selling Bitcoin to exit at breakeven.
PANews August 8 news, CryptoQuant analyst Axel Adler Jr. reported that Bitcoin is currently trading below the cost basis of short-term holders (STH). As of August 8, Bitcoin is trading at $64,952, while the STH realized price stands at $67,523. This indicates that the spot price is 3.8% lower than the STH realized price, creating a gap of $2,571.
This gap is noted to be the smallest since July 21. Furthermore, over the past 284 days, Bitcoin has closed below the STH realized price on 279 occasions. This trend suggests that short-term holders may begin selling Bitcoin to exit at breakeven, increasing the risk of further selling pressure.
The current market situation could potentially impact Bitcoin's price dynamics, as increased selling activity from STH holders may lead to further declines in value.
分析师：比特币跌破短期持有者成本，平仓风险加剧
PANews 8月8日报道，CryptoQuant分析师Axel Adler Jr.指出，比特币目前的交易价格低于短期持有者（STH）的成本基础。截至8月8日，比特币交易价格为64,952美元，而STH的实现价格为67,523美元。这表明，现货价格比STH实现价格低3.8%，形成2,571美元的差距。
这一差距被认为是自7月21日以来的最小值。此外，在过去284天中，比特币有279天收盘价低于STH实现价格。这一趋势表明，短期持有者可能会开始出售比特币以实现保本，从而增加进一步卖压的风险。
当前市场状况可能对比特币的价格动态产生影响，因为短期持有者的增加出售活动可能导致价值进一步下跌。