Why $60,000 decides whether Bitcoin’s recent strength cracks as nearly half the market slips into loss
CryptoSlate
Bitcoin faces a critical test at $60,000 as nearly half of its holders are currently in a loss position.Summary
Bitcoin is experiencing a period of market tension where nearly 46% of its supply is held at a loss. The $60,000 price level serves as a psychological and structural threshold; holding above it suggests market resilience, while falling below could trigger widespread panic selling. Despite this short-term pain, Bitcoin remains supported by long-term anchors like the realized price and the 200-week moving average, indicating that the current cycle is operating at a higher price floor than previous bear markets due to increased institutional participation.
(Source：CryptoSlate)