Short-term holders are currently above equilibrium, while long-term holders are making an average profit of 18%. In order to maintain the price trend and increase the confidence of new investors, the price of Bitcoin stabilizes above $28,000, a price level that is crucial to allow short-term holders to continue holding Bitcoin, thus avoiding the psychological stress of losses. If it falls below $28,000, short-term holders are likely to sell again to avoid risk. Overall, the price is holding above $28,000, which is conducive to boosting short-term holder sentiment. The price of Ethereum has fallen, and the data shows that Ethereum's gas fees are declining, which have been historically low since 2021 and could reach pre-January 2020 levels if this trend continues.
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Short-term holders are currently above equilibrium, while long-term holders are making an average profit of 18%. In order to maintain the price trend and increase the confidence of new investors, the price of Bitcoin stabilizes above $28,000, a price level that is crucial to allow short-term holders to continue holding Bitcoin, thus avoiding the psychological stress of losses. If it falls below $28,000, short-term holders are likely to sell again to avoid risk. Overall, the price is holding above $28,000, which is conducive to boosting short-term holder sentiment. The price of Ethereum has fallen, and the data shows that Ethereum's gas fees are declining, which have been historically low since 2021 and could reach pre-January 2020 levels if this trend continues.
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