January 20 News, the latest on-chain data shows that since November 2024, new Bitcoin buyers entering the market have been in a loss for two consecutive months, with unrealized loss cycles lasting approximately eight weeks. This change is significantly impacting market sentiment and short-term price structure.
Blockchain data analysis indicates that short-term holders—investors who bought Bitcoin within the past 155 days—currently have an average cost concentrated above $98,000. The net unrealized profit and loss indicator for these short-term holders remains in negative territory, suggesting that overall new capital is still under pressure. Analysts believe that only when Bitcoin’s price re-establishes and sustains above approximately $98,000 can short-term funds potentially return to profitability.
Historically, when Bitcoin’s price successfully breaks above and stabilizes above the short-term holder cost basis, it often signals a transition from a correction phase to a more sustained upward trend. Therefore, $98,000 is not only a psychological threshold but also a key resistance level in the current structure.
Derivatives data further reinforce this view. Market expectations for bullish movement near $98,000 and higher have noticeably increased. Once the price approaches this zone, hedging activities may amplify short-term volatility, accelerating market movements. Previously, Bitcoin experienced a pullback near $97,000, followed by a large-scale long liquidation, with the price briefly dropping to around $92,000.
Despite the volatility, daily chart analysis shows that Bitcoin continues to maintain a pattern of gradually rising lows. Some institutional funds have chosen to absorb chips during the pullback rather than distribute, which somewhat alleviates downward pressure.
On a macro level, uncertainty remains amplified. Recent strong statements from Trump regarding tariffs and geopolitical issues have weighed on global risk appetite, causing crypto assets to underperform relative to traditional safe-haven assets. Meanwhile, expectations of a tight monetary policy persist, with new liquidity yet to materialize, limiting Bitcoin’s short-term upside potential.
Currently, Bitcoin is stabilizing around $92,000. Traders generally view recent volatility as leverage adjustment rather than a trend reversal. For investors focusing on on-chain data, Bitcoin short-term holder costs, and price trends, $98,000 remains a critical threshold for determining whether market sentiment can recover.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
UK-listed company Satsuma Technology purchased 25.65 BTC, bringing its total holdings to 645.7 BTC.
Gate News message, April 3, according to monitoring by BitcoinTreasuries.NET, the UK-listed company Satsuma Technology bought 25.65 BTC, bringing its total holdings to 645.7 BTC.
GateNews2m ago
Bitcoin mining firm Riot Platforms sold 3,778 BTC in Q1 2026, net revenue of $289.5 million
Riot Platforms produced 1,473 BTC in the first quarter of 2026, with daily output down 4% year over year. Net revenue for the quarter was $289.5 million, and computing power deployment reached 42.5 EH/s, up 26% year over year. Total electricity costs fell to 3.0 cents per kilowatt-hour, down 21% year over year.
GateNews5m ago
Yesterday, Bitcoin spot ETFs saw net inflows of $9.02 million, with Fidelity FBTC leading the way
Gate News消息，April 3, according to Trader T’s monitoring, yesterday (April 2) spot Bitcoin ETFs saw net inflows of $9.02 million. Among them, Fidelity FBTC recorded inflows of $7.29 million, VanEck HODL recorded inflows of $4.74 million, BlackRock IBIT recorded outflows of $3.01 million, and the remaining ETFs had no capital movement that day.
GateNews35m ago
BR (Bedrock) has risen 41.99% over the past 24 hours and is currently trading at $0.16122
Gate News, April 3, according to Gate market data, as of the time of publication, BR (Bedrock) is trading at $0.16122. In the past 24 hours, it has increased by 41.99%, reaching a high of $0.17303 and a low of $0.10486. The 24-hour trading volume has reached $1.3479 million. The current market capitalization is approximately $42.1187 million.
Bedrock is a multi-asset supported liquidity re-staking protocol that has launched a Bitcoin staking product, uniBTC. As a BTC liquid staking asset, uniBTC enables users to earn staking rewards while maintaining the liquidity of their assets, opening up a new yield opportunity in the trillion-level Bitcoin market.
GateNews1h ago
MARA Reduces Workforce by 15% as Bitcoin Miner Pivots to AI and Energy Infrastructure
MARA Holdings (NASDAQ: MARA), one of the largest publicly traded Bitcoin mining companies, has reduced its workforce by approximately 15% across multiple departments, including both full-time staff and contractors, according to an internal company memo.
CryptopulseElite1h ago
Bitcoin Price Soars to $74K, but Investors Are Already Eyeing New Altcoin GCoin This Week
Bitcoin’s price surged above $74,400 today, marking a multi-week high and reigniting optimism across the broader cryptocurrency market, as evidenced by the rise in altcoins.
The rally came amid renewed buying pressure, a wave of institutional demand, and yet another behemoth purchase by Michael
CryptoPotato1h ago
