Bitcoin’s rise above 23 thousand dollars and its hold in this region allows analysts to offer new assessments with new figures. Will Clemente, one of these analysts, also stated that the largest crypto money has finally managed to exceed the base cost of both short-term and long-term investors.
Evaluating the rise of Bitcoin from his Twitter account with 675,000 followers, Clemente used the following statements:
“Bitcoin has surpassed the $22,300 level, outpacing its long-term investor base cost. The short-term investor base cost was also exceeded at $18,900. Since the average investment level is not below the wastewater, there is also a change in investor behavior. The times when this situation has been seen for the last 3 times are available in the chart below.
In the chart, it is seen that similar movements were experienced in 2012, 2016 and 2019, and after these movements, very serious rises came in Bitcoin. On-chain data platform Glassnode also evaluated the recent rises in Bitcoin; He stated that with the 2018/2019 bear season, he made it possible to pass 3 base cost zones for the first time since the Kovid crisis in 2020.
