Bitfinex Reveals Insights on Long-Term Bitcoin Positions
Photo: Coinfomania
Bitfinex's analysis shows long-term Bitcoin holders are 64% above average costs. Here's why this matters for market sentiment. Bitfinex recently shared insights into the positions of long-term Bitcoin holders, revealing that they are currently about 64% above their average cost of $49.3k. In contrast, recent buyers are only around 9% above their average cost, near $74.4k. This analysis indicates that if Bitcoin prices slip, pressure points may emerge among these recent buyers. For further details, see the original tweet . The broader cryptocurrency market is currently displaying mixed signals, with varying momentum observed across major assets.
Source: Coinfomania
