ChainCatcher news, CryptoQuant analyst Burak Kesmeci pointed out that the average cost of short-term Bitcoin holders is playing a key role. Currently, the average cost for 1-3 month holders is $61,633, and for 3-6 month holders, it is $64,459. These two levels are approaching each other daily, and the direction of the breakout will be decisive.Kesmeci believes that if the price breaks above $64,500, it will empower the bulls; conversely, if it falls below the average cost of 1-3 month holders at $61,600, the patience of Bitcoin investors will be severely tested.

ChainCatcher message, according to monitoring by ai_9684xtpa, a whale 0xcA5...9b3FC, which built a position in ETH at an average price of $1814 in June 2023, has deposited a total of 3441 ETH to Binance in the past two days, which would yield a profit of $3.19 million if sold.Address 0xE117...6465F and address 0x5D7...c0aEB built positions of 3000 and 2093 ETH respectively in June 2023, and then transferred them to the current address for batch selling.

ChainCatcher news, according to Ember monitoring, the Salvadoran government's cold wallet address has been buying 1 BTC daily since March 16, and this has continued without interruption. It has now lasted for over 5 months, accumulating 160 BTC (10.31 million USD).Currently, the Salvadoran government holds 5,850 BTC (355.83 million USD), with an average cost of 44,835 USD, resulting in an unrealized profit of 93.45 million USD (+35%).

ChainCatcher message, Glassnode published analysis, the current Bitcoin price is still in the enthusiastic bull market phase. After quickly falling back after entering the euphoria zone, the real market average is $50,000, representing the average cost basis for each active investor. If the macro bull market is expected to continue, this level remains a key price level that the market needs to stay above. The unrealized profits of Bitcoin indicate that the market may be overheated, with the current value at $92,000. The breakeven level for short-term holders is $64,000, and the current spot price is below this level but is attempting to recover. It is worth noting that only 7% of trading days recorded spot prices below -1 standard deviation, making it a relatively rare situation.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, a certain whale transferred 30,710 ETH (worth approximately 56.78 million USD) to Binance. This address has withdrawn a total of 42,311 ETH (worth approximately 70.55 million USD) from Binance since September 20, with an average ETH price of about 1,667 USD.