2026-01-08 17:29:17

Bitcoin spot trading hovering near $89.9K has triggered a recalibration across multiple on-chain valuation frameworks. The divergence between these metrics reveals interesting market dynamics. Short-term holder cost basis sits notably higher at $98.9K, indicating recent buyers remain underwater. Meanwhile, active investor mean price stands at $87.7K, just slightly below current spot levels. The true market mean registers at $81.0K, suggesting substantial accumulated value held by long-term participants. Most striking is the realized price at $56.2K, reflecting the weighted average entry across all accumulated positions. This multi-layered price hierarchy offers traders a nuanced view of market structure—from recent entry points to deep historical cost bases, painting a picture of where different cohorts currently stand relative to their accumulation history.

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OvertimeSquid

· 19h ago

Hmm... The group that short-term bought in is really taking a big hit, going in at 98.9K, how painful must it be now? --- Is the realized price only 56K? With these guys, it's really impressive that they can hold on. --- Once this data is out, it's immediately clear who is cutting losses and who is holding on. Quite interesting. --- Long-term holders' mean is only 81K, and now at 89K, it shows that some people are still bottom-fishing. --- Every time I see this kind of analysis, I feel like my entry timing was really bad. What should I do? --- The short-term is trapped at 98K, the long-term is lying flat at 56K, what about those in between? Embarrassing, right? --- This is the charm of on-chain data — it exposes everyone's hand.

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CryptoDouble-O-Seven

· 19h ago

Hey, short-term bagholders who entered at 98.9K are probably feeling miserable now. --- Looking at this data, long-term holders are really winning effortlessly, with a cost basis of 56K... --- Damn, why are people who buy in the short term always the most suffering? --- 89.9K at this position is a bit awkward, feels like it can't go up or down freely. --- Wait, the average price of active investors is 87.7K? Then there's basically no difference now. --- Long-term HODLers are making a killing, really. --- This price layering makes my head spin, but short-term traders are indeed bleeding. --- No wonder this market is so complicated, everyone with different costs is fighting each other.

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NotFinancialAdviser

· 19h ago

All short-term bottom-fishing positions are now trapped, this data doesn't lie... Those who entered with 98.9K are still waiting in vain.

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NoodlesOrTokens

· 19h ago

Short-term bagholders must be feeling really uncomfortable now, having bought in at 98.9K and still stuck in the water. --- Really? The realized price is only 56.2K? Those old-timers are laughing to death. --- This data is quite interesting; it feels like a game of chess between new rookies and old veterans. --- 89.9K is stuck here without moving, I just want to know if it will break through or be broken. --- Long-term holders have an average price of 81K. I’m the real rookie here. --- The more detailed on-chain data reveals who’s making money and who’s losing. It’s a bit despairing. --- Is the guy at 98.9K still here? Reply to me. --- I’m confused by this pricing system; it feels like everyone is in a different world. --- The difference between realized price and current price is so big. What does that mean? The old coin kings are really eating well.

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