CoinVoice has recently learned that, according to CryptoQuant analyst MorenoDV_, Bitcoin's current price is close to the average buying cost for investors (around $81,500), which is an important psychological barrier. When the price is above this level, investors are usually more willing to hold; once it falls below, this position may turn into a selling pressure zone.
At the same time, the market sentiment indicator AVIV ratio shows that Bitcoin is currently in a sideways consolidation phase, with low volatility, and investors are adjusting their positions. If the price can stabilize above $81,500 and the AVIV ratio (the ratio of active market valuation to realized valuation) remains stable, it indicates that market confidence is still present, and the trend is likely to continue; however, if it falls below this level, confidence may weaken, and the price could further decline.[Original link]
