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"Bitcoin (BTC), Short-term Investor Average Cost $86,800… About 8% Profit"

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Minseung Kang
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  • 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.
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  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

Image = Glassnode X CaptureImage = Glassnode X Capture

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."

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Minseung KangholderBadgeholderBadge dark

minriver@bloomingbit.ioBloomingbit reporter