Bitcoin 4% dip may ‘panic’ short-term holders as price falls below average cost

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Coin Coin Headlines News

Bitcoin's current price is now below what short-term holders have paid on average over the past 155 days.

Bitcoin short-term holders are currently holding a 3% unrealized loss but it “isn’t the end of the world,” according to a crypto analyst.) is now trading below the average purchase price paid by short-term holders, potentially causing “panic” due to unrealized losses, according to an on-chain analyst.

The recent price drop saw Bitcoin hit its lowest level since February — significant for short-term Bitcoin holders, those who have held for under 155 days, as they paid an average price of $59,600 per Bitcoin. Bitcoin’s price briefly plummeted to its lowest price in three months on May 1. Source: CoinMarketCap

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin Cash & Bitcoin SV Pumping as Bitcoin Minetrix Nears Exchange ListingCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »