A key metric tracking BTC holders with <1-month age (New Money) shows their average realized price sits at ~$104.7K.
This cohort entered at recent highs and is now underwater. Historically, when BTC fails to hold their cost basis, pressure buildsāeither via capitulation or panic selling.
With the signal dipping below zero again, it warns that recent entrants are facing unrealized losses, raising the risk of short-term volatility if price doesnāt reclaim their break-even zone.
As these short-term holders often drive reactive moves, this metric is critical for assessing market fragility and sentiment turning points.
Written by Crazzyblockk