Opinion: A drop in BTC below $106,000.00 will trigger panic among long-term holders, and the recent correction has not yet "arrived"
MetaEraSep 28, 2025
On September 28 (UTC+8), on-chain data analyst Murphy stated that if the $BTC's downward fluctuation since August 13 is regarded as a large-scale trend adjustment, then it may not be adjusted "in place" yet. So far, all losses have been contributed by short-term holders (STH), while the loss ratio of long-term holders (LTH) is still 0%. From this perspective, the current situation does not yet meet the most panic-stricken moment in a downward trend. On-chain data shows that it is not far from triggering long-term holder panic. The long-term holders with the highest cost of holding positions are located at around $106,000.00, but they have limited chips. When $BTC enters the $97,000.00 to $106,000.00 range, more and more long-term holders will enter a loss state, which is likely to be the bottom range of a trend callback. The analysis is only for learning and communication and does not constitute investment advice. (Source: MarsBit) [MarsBit]
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Opinion: A drop in BTC below $106,000.00 will trigger panic among long-term holders, and the recent correction has not yet "arrived"
MetaEraSep 28, 2025
On September 28 (UTC+8), on-chain data analyst Murphy stated that if the BTC's downward fluctuation since August 13 is regarded as a large-scale trend adjustment, then it may not be adjusted "in place" yet. So far, all losses have been contributed by short-term holders (STH), while the loss ratio of long-term holders (LTH) is still 0%. From this perspective, the current situation does not yet meet the most panic-stricken moment in a downward trend. On-chain data shows that it is not far from triggering long-term holder panic. The long-term holders with the highest cost of holding positions are located at around $106,000.00, but they have limited chips. When BTC enters the $97,000.00 to $106,000.00 range, more and more long-term holders will enter a loss state, which is likely to be the bottom range of a trend callback. The analysis is only for learning and communication and does not constitute investment advice. (Source: MarsBit) [MarsBit]
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