[Analyst: Bitcoin Price Nears Short-Term Holder Cost Basis, Trend Expected to Clarify After Increased Volatility] BlockBeats News, January 17 – Crypto Quant analyst Axel stated in a post that Bitcoin's price (currently $95,500) has approached the average purchase cost of short-term holders ($99,460), with the price gap narrowing to just 4%. Axel explained that the current situation represents a decision-making zone rather than a market collapse. Historically, areas near cost benchmarks are often accompanied by increased volatility and serve as market reaction zones, which may either continue the trend or trigger a reversal—either returning to a premium state or facing a new wave of selling pressure. If the price stabilizes above $100,000 and short-term holders turn profitable, it would signal a return to bullish sentiment. Conversely, if the discount rate returns to the double-digit range (below -10%), corresponding to a price drop below approximately $89,500, it would significantly increase the pressure on holders with loss-making positions.