**[Analysis: Bitcoin Buyers in 2025 Still at an Overall Unrealized Loss, $88,000 May Become a Key Resistance Level]** BlockBeats News, October 7 — Investors who bought Bitcoin in 2025 are currently the only annual buyer group still at an overall unrealized loss, with an average cost of approximately $88,000. Bitcoin reached $87,500 in September, then consolidated and fell below $84,000 on Wednesday. As some recent buyers may choose to sell when breaking even, $88,000 could become a key resistance level. The annual volume-weighted average cost has repeatedly acted as support or resistance during this cycle. In May, Bitcoin rose to around $82,100, hitting the average cost of the 2024 buyer group before facing resistance, then dropped to $60,000, only breaking above that level in August. The average cost for the 2023 buyer group is currently around $65,000, which provided overall support during the 2026 bear market, though prices briefly fell below it. The average cost for the 2026 buyer group is approximately $73,500, and since Bitcoin broke above this level in late August, it has remained mostly profitable. The average cost of U.S. spot Bitcoin ETF funds is around $82,300, and their investors recently returned to overall profitability for the first time this year. This level may act as a support point in the event of further price declines. [Original Link]