![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
加密货币新闻
Bitcoin's [BTC] short-term holder (STH) cost basis is currently sitting at a lofty $93,460
2025/05/05 15:30
Bitcoin's [BTC] price action is closely watched by crypto traders, especially as it relates to key levels like the short-term holder (STH) realized price.
Currently, this cost basis is at $93,460, and it is a key inflection point for market sentiment. A dip below it could see panic buttons getting smashed.
Why? Well, historically, dips below the STH realized price have been precursors to full-blown capitulation phases, especially among newer entrants sitting on thinning margins.
This was evident in the 2022 bear market, where Bitcoin breached the STH cost basis multiple times with brutal consequences.
In May, the spot price crashed to $30k while STHs were positioned around $34k — A signal of mounting pressure.
In June, Bitcoin cascaded to $25k against a $32k cost basis. By September, it broke below $19k while STHs clung to a $27k average.
Each deviation below sparked sharp sell-offs, mass liquidations, and a feedback loop of fear. If Bitcoin slips below the current $93k-level, expect a replay of that volatility.
Bitcoin's knack for defying expectations
Open Interest (OI) is another crucial metric to watch. As Bitcoin flashes bullish signals, rising OI is seen as a green light for more liquidity and market action.
However, when Bitcoin dips, that same liquidity can become a ticking time bomb. More positions to liquidate means the risk of a liquidation avalanche, sending prices spiralling faster.
Again, looking back at the 2022 bear market — As Bitcoin crashed from $50k to $16k, the OI stayed stubbornly high at $20 billion — Signaling heavy leverage. When the support broke, a massive liquidation cascade followed.
At the time of writing, Bitcoin's OI was $64.82 billion, the same level it was when BTC flirted with $100k. This suggested that the derivatives market could be getting a bit overheated.
This was in contrast to the start of 2023's bull market, where OI dropped to $30 billion as Bitcoin slid to $17k. Back then, the lower OI allowed for a swifter recovery, eventually leading to new highs.
However, with Bitcoin's knack for surprising the market, keeping tabs on these metrics is a must.
If BTC falls below its short-term holder (STH) cost basis at $93k, brace for a possible mass exodus. In fact, what might start as a small "dip" could quickly spiral into capitulation as OI positions get liquidated in unison.
The post Bitcoin could see 'panic selling' if it drops below this key level - Here's why appeared first on Token Post | Crypto, Web3, NFT, Metaverse, Gaming, Impact Investing..
免责声明:info@kdj.com
所提供的信息并非交易建议。根据本文提供的信息进行的任何投资,kdj.com不承担任何责任。加密货币具有高波动性,强烈建议您深入研究后,谨慎投资!
如您认为本网站上使用的内容侵犯了您的版权,请立即联系我们(info@kdj.com),我们将及时删除。
-
- Bittensor(Tao)之后的下一个大模因硬币
- 2025-06-12 05:06:18
- Solaxy是以Solana建立的以性能为中心的第2层,专门设计用于单独处理基础层不能:极端可扩展性
-
-
-
- 美国参议院推进《天才法》,这是一项法案,旨在提高指导和建立国家创新的国家创新
- 2025-06-12 05:06:16
- 在以68票对30票的投票中,美国参议院选择推进《天才法》,这是在引入一个多月后。
-
-
- 通过这些Altcoin交换来交易下一个大加密星
- 2025-06-12 05:06:16
- 寻找下一个大加密星?这些AltCoin交流将帮助您找到市场上最好的交易。
-
- 比特币情绪高达7个月高至$ 112,000织机
- 2025-06-12 05:02:13
- 根据Santiment的数据,围绕比特币的零售情绪已果断地看涨,自2024年11月以来的最高水平。
-
- 民主党人要求有关特朗普家族的加密货币的更多信息,部分由第一家族拥有
- 2025-06-12 05:00:11
- 一场文字战争正在参议院民主党人与加密货币公司的高管之间升级,该公司部分由特朗普总统的家人拥有
-