CryptoQuant analyst: Bitcoin approaches $88400 to $89200 in cost intensive holding area

CryptoQuant analyst Darkfost pointed out that Bitcoin is entering a cost intensive zone of approximately $88400 for 18 month to 2-year holders and $89200 for 6 to 12-month holders, and related investors are facing emotional selling or replenishment tests. Darkfost emphasized that the cost base is based on the average rather than support or resistance lines. The 6 to 12 month holder group has been losing money for nearly a year, and this test will wash out impatient investors. Some investors may reduce costs by replenishing their positions, which could interrupt the upward trend of Bitcoin.