So, is the kill zone for Bitcoin at $75,000? Additionally, according to Glassnode's on-chain BTC data: Short-term buyers' average cost: $95,400 Active investors' average cost: $87,300 Real average cost: $80,500 Currently, aside from long-term holders, all other types of BTC holders are mathematically at a loss. Data > slogans, facts > rhetoric. Saying BTC is purely a sewer asset right now is totally reasonable!