[Analyst: Bitcoin Approaching $88,400 to $89,200 Dense Cost Basis Zone, Mid-Term Holders Face a Test] CryptoQuant analyst Darkfost pointed out that Bitcoin is testing two holding groups: holders with a cost basis of approximately $88,350 for 18 months to 2 years, and holders with a cost basis of approximately $89,200 for 6 to 12 months. Bitcoin is entering this convergence zone, and related investors may react emotionally. Darkfost emphasized that the cost basis is not a support or resistance line but an average value, used only to identify risk areas. He noted that the 6 to 12-month group has been overall in loss for nearly a year, with some possibly buying at the market peak. This test will weed out impatient investors, while others may continue buying to lower their cost basis and return to profitability. As Bitcoin approaches these levels, such behavior may disrupt its previously accumulated upward momentum.