Bitcoin Short-Term Holders Post Nine-Month Loss Streak, $68,800 Becomes Key Resistance

BTC-0.79%
According to CryptoQuant analyst Darkfost, Bitcoin short-term holders have posted consecutive losses for nine months as of July 23, a characteristic pattern of bear markets. The cohort's cost basis stands at $68,800, with the group currently realizing approximately 4% losses as BTC attempts to hold above $65,000. Darkfost noted that reclaiming the $68,800 level is critical for bringing near-term optimism and confidence to the market.
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