These Three Metrics Show Bitcoin Found Strong Support Near $80,000

2025-12-13 21:24:13

Source: CryptoNewsNet Original Title: These Three Metrics Show Bitcoin Found Strong Support Near $80,000 Original Link: Bitcoin has bounced above $90,000, representing a 15% increase from its November 21 low of around $80,000. The price has found confluence support across three important cost basis metrics:

2024 Yearly Volume Weighted Cost Basis - Reflects the average price at which bitcoin has been acquired throughout the year
True Market Mean - Represents the average onchain purchase price of bitcoin held by active market participants, focusing on coins that have moved recently and filtering out long dormant supply
Average U.S. Spot ETF Cost Basis - Tracks the acquisition prices of institutional investors through spot ETF products

These metrics are crucial for identifying where investors are most likely to defend their positions during market drawdowns. The convergence of support at the $80,000 level proved vital, as it aligned closely with the average acquisition prices of multiple investor cohorts. The True Market Mean is particularly significant as it reflects the cost basis of investors most likely to actively trade, making it a key indicator for potential price action in this support zone.

BTC4,43%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.