Markets· ★★★· bearish·

Bitcoin's recovery stalls just short of rescuing its last underwater cohort

  • —Bitcoin trades below $84,000 after a failed recovery attempt
  • —The last underwater buyer cohort remains in loss
  • —Yearly buyer cohorts and ETF investors define support and resistance levels
Why it matters: The last underwater cohort's break-even level is key resistance: clearing it would restore upside momentum, while a rejection risks another wave of selling.
#BTC
Source: CoinDesk
More on this
Markets · Sep 15
XRP spikes to $1.41 then falls back into triangle as XRPL upgrade stalls one vote short
 Markets · yesterday
Bitfinex: All Bitcoin Holder Cohorts Back in Profit
 Markets · Oct 5
Glassnode: Bitcoin whales fell underwater at June low while small holders stayed profitable