Bitcoin is hovering near a vital on-chain support zone, with the realized price of 3–6 month holders becoming a focal point for traders. This group’s average entry sits around $98,000, and the market now tests this level after rejecting $111,000 last week.
According to a report shared by CryptoQuant, these holders remain largely in profit. Their lack of stress so far suggests confidence hasn’t broken—yet.
$98K–$100K: The Line Between Rebound and Breakdown
The $98K–$100K band now stands out as a must-hold zone. A strong bounce here would suggest mid-term holders still trust the uptrend. That could trigger renewed momentum and even open the door to new highs.
But failure to defend this area could shift sentiment. If confidence erodes, selling could intensify, pulling BTC into a deeper correction.
Outlook Hinges on Mid-Term Cohort Behavior
This group’s past actions have consistently aligned with market turning points. When they panic, the market tends to follow. When they hold firm, bullish momentum often returns.
Bitcoin’s next major move may depend on whether the $98K range acts as a springboard—or a trapdoor.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/market/what-does-the-mid-term-cost-basis-signal-for-bitcoin/