Bitcoin Approaches $87,800 Break-Even Mark as Two-Year Holders Increase Selling
Bitcoin (BTCUSD) is moving closer to $87,800, which marks the average purchase price for investors who acquired the digital currency over the last six to 12 months. Recent market tracking places Bitcoin at $83,530, up 0.53% for the session, as it trades just below that key break-even threshold.
The $87,800 level represents a critical point where investors who bought within the past year would no longer be holding at a loss. Meanwhile, investors who have held Bitcoin for one to two years are showing an increase in selling activity, highlighting distinct trading behavior depending on how long investors have owned the asset.
Market participants will be watching whether Bitcoin can cross the $87,800 threshold to bring recent buyers into profit, or if selling pressure from holders who have owned the asset for one to two years will weigh on further price movement.
Key points
- Bitcoin is approaching the $87,800 break-even level for investors who purchased the asset six to 12 months ago.
- The average cost basis for six- to 12-month Bitcoin holders sits at $87,800.
- Selling activity among investors who have held Bitcoin for one to two years has increased.
- Bitcoin was recently trading at $83,530, up 0.53% for the session.
Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org
How we writeDisclaimerQuestions and answers
What is the break-even price for 6 to 12 month Bitcoin holders?
The average break-even price for investors who bought Bitcoin between six and 12 months ago is $87,800.
Are long-term Bitcoin holders selling?
Yes, investors who have held Bitcoin for one to two years have recently increased their selling activity.
What is Bitcoin currently trading at?
Bitcoin was recently trading at $83,530, up 0.53% for the day.