2025-12-28 13:25:12

Bitcoin's current spot trading level around $87.8K provides an interesting window into what various on-chain price models are signaling.

Looking at the metrics: Short-term holders are sitting at a cost basis of $99.9K—notably above current prices. Active investor mean hovers near $87.7K, essentially matching spot. The broader true market mean sits lower at $81.1K, while realized price anchors at $56.2K.

This spread between these different chain metrics suggests some tension in the market. You've got near-term holders underwater, active participants around equilibrium, and the long-term realized average providing a lower baseline. When these models diverge this way, it typically highlights where different cohorts of the market stand relative to current price action—useful data for understanding potential support and resistance zones.

BTC0.17%

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StopLossMaster

· 5h ago

Short-term holders are crying now, with a cost basis of 99.9K being directly trapped. This wave is really a bit desperate... But speaking of which, the 81K level is the real main battleground. It feels like the next step depends on whether we can hold this level.

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RugPullAlertBot

· 5h ago

Short-term bagholders are still holding at the 99.9K level, still a bit short of breaking even at 87.8K. That price difference is interesting. Long-term holders bought at 56.2K long ago and are now making a hefty profit... But honestly, the divergence between the 81K and 99K ranges feels like another wave of turbulence coming. At the 87.8K level... the bulls should be scared. With various funds having such scattered cost bases, no wonder there's such volatility... Everyone wants to get out near their own cost basis. 56.2K and 99.9K are a full 43K apart, and the difference in mindset is probably as big as the sky. Basically, it's still a showdown between new rookies and old hands, waiting to see who breaks first.

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ConsensusDissenter

· 5h ago

Short-term bottom-fishing resulted in losses again. Active veterans are the real winners... The gap between the 81K and 56K lines is so large. Could it be that the bottom hasn't been fully explored yet?

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ForkTrooper

· 5h ago

Short-term bottom fishers are now laughing to death; those who bought in at 99.9K are all crying.

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