Bitcoin is trading at $86.7k while their average cost basis is $101.8k.
This creates a pain zone:
🔸 They bought high, now underwater
🔸 Every bounce toward $101k will bring breakeven sellers
🔸 If losses deepen to -20% or -30%, panic selling kicks in
Historically, this level either marks early capitulation or a bottom in the making.
The fight for trend is here. Watch how STHs react.
Written by IT Tech
