BTC is close to $88,400 to $89,200, a cost-intensive area for holding positions, which may test mid-term holders

Wu said he was informed that CryptoQuant analyst Darkfost said that BTC is approaching the cost benchmark of two medium-term holder groups, of which 18-month to 2-year holders are about $88,350 and 6-12-month holders are about $89,200, forming a risk zone around $89,000. Darkfost emphasized that the cost benchmark is not a support or resistance line, but a reference area for observing changes in investor behavior; as BTC approaches this range, some loss-making holders may choose to exit, or investors may continue to buy to reduce costs, thus affecting the current market momentum.