breakeven

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According to Glassnode, for the first time in 3 years, the price of BTC fell below the aggregate average breakeven price of all “short-term” holders with a horizon of a week to a year.

But the aggregate average breakeven price for “long-term” holders (a year+) is still a long way off.

It turns out that short-term holders are now being actively liquidated, but long-term holders are still in good profit and there is no panic among them now.

Historically, a "global bottom" in each cycle would only begin to form when the price of BTC fell below the aggregate average breakeven price of long-term holders, causing many of them to panic and sell at a loss. Only after such a strong shock therapy did the market begin to reverse after some time.According to Glassnode, the cumulative average breakeven price for long-term holders is now in the range of $60,000 - $50,000. Accordingly, for a truly complete “cleansing” of the market, it is necessary for BTC to fall below these levels, experts say.Now the Trump team is guarding the markets, which is in a hurry to crush the Fed, cramming in as many of its people as possible, so that very soon they can begin to aggressively lower rates and turn on the “printing press” (target - 1H 2026). IF this mission drags on, or something simply happens that will lead to a further correction in the market before the Fed begins to fully pump liquidity into the system, then BTC may well fall into the zone of $60,000 - 50,000 and below...$BTC