Analyst: The cost price for short-term holders of Bitcoin is approximately $85400

CryptoQuant analyst Darkfost stated that the current cost price for short-term holders of Bitcoin (holding BTC for less than six months) is approximately $85400, with an average unrealized loss of around 19.4%. This may trigger two types of behavior: some investors continue to hold and become long-term holders, while others choose to exit the market, leading to increased market volatility and triggering a "surrender style sell-off". Historical data shows that when short-term holders fail to achieve losses exceeding 25%, it usually corresponds to the early stages of the market bottom, accompanied by higher volatility.