On-chain analyst DarkPost analyzed that as Bitcoin approaches the $88,000-$89,000 range, the trading movements of investors who have held for 6 months or more are emerging as a key variable. He stated, "The average purchase price for 18-month to 2-year holders is approximately $88,350, and for 6-12 month holders, it's about $89,200. Since the average purchase prices of these two groups are concentrated at similar levels, there is a high possibility that investor sentiment will shift significantly if Bitcoin enters this range. In particular, holders of less than one year have generally experienced continuous losses. Some may have purchased at previous market highs, so they might sell if the price approaches their average purchase price. Conversely, investors who have endured losses for a long time might try to lower their average purchase price by buying more Bitcoin. As the majority are on the verge of turning a profit, both selling and additional buying could occur simultaneously."
