Summary
- Bitcoin short-term investors are still maintaining a 7.9% profit despite the recent decline.
- Glassnode reported that the average purchase cost of Bitcoin is $86,800, which is likely to be an important area in price momentum.
- Bitcoin short-term investors are still holding the support area despite price fluctuations.
Bitcoin (BTC) short-term investors are still in a profitable state despite the recent decline.
On the 30th, the on-chain crypto asset analysis platform Glassnode analyzed, "Despite the price decline of Bitcoin, the unrealized profit of short-term investors is still recording 7.9%."
Glassnode added, "The average purchase cost (average cost) of short-term investors is located near $86,800, which is likely to be an important (support) area in price momentum."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
![Dow Tops 50,000 for First Time Ever as “Oversold” Narrative Spreads [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/1c6508fc-9e08-43e2-81be-ca81048b8d11.webp?w=250)
