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Bitcoin breakeven line drops to $93k, major market shift imminent
The average cost of Bitcoin's loss-making positions has fallen to $93,600, below $100k,
which means that when Bitcoin rises to $93k, the market's average breakeven point will be reached.
The rapid decline at the end of last year and the beginning of this year,
caused a large number of high-position trapped chips to cut losses, leading to a decrease in the average cost of overall floating loss positions.
Currently,
the probability of Bitcoin first reaching $60k is 68%,
while the probability of reaching $80k first is 32%.