Bitcoin Reclaims Key On-Chain Level, Signaling Reduced Sell Pressure and Potential Upside

BitcoinWorld Bitcoin Reclaims Key On-Chain Level, Signaling Reduced Sell Pressure and Potential Upside Bitcoin has climbed back above two closely watched technical and on-chain levels: the 50-day moving average and the average cost basis of short-term holders.

According to data highlighted by Crypto Briefing, this combination often signals that recent buyers are back in profit, which historically reduces fear-driven selling and opens the door for further gains.

What the Short-Term Holder Cost Basis Tells Us The short-term holder cost basis represents the average price at which coins were acquired by investors who have held Bitcoin for less than 155 days.

When the market price sits above this level, it means the majority of recent buyers are holding at a profit. That psychological shift tends to encourage continued holding or even additional accumulation, rather than panic selling.