Analyst: Short-term holders have been realizing losses for about nine consecutive months, $65,000 becomes a key short-term level for Bitcoin

TechFlow News, July 23, CryptoQuant analyst Darkfost stated that data shows short-term holders (holding for no more than 155 days) have currently been in realized loss for approximately nine consecutive months, a characteristic typically closer to a bear market environment. According to estimates, the cost basis of short-term holders is approximately $68,800, therefore the overall situation still faces certain pressure. Currently, as Bitcoin attempts to hold above $65,000, short-term holders are expected to still be selling at a loss of approximately 4%.

Market views suggest that $65,000 is an important level that Bitcoin needs to reclaim in the short term, which will help improve market sentiment and boost short-term confidence.