比特币（BTC）价格夺回了损失的地面，针对90,000美元的电阻

比特币继续表现出新的动力迹象，在最近的纠正阶段，资产收回的地面损失了。 BTC的价格已超过$ 89,000

Bitcoin (BTC) is showing signs of renewed momentum as the asset continues to reclaim ground lost during its recent corrective phase.

比特币（BTC）显示出重新势头的迹象，因为资产在最近的纠正阶段继续丢失了地面。

As the cryptocurrency attempts to break above the $90,000 mark, attention has turned to the behavior of various investor cohorts and how their average cost basis could influence upcoming price action.

当加密货币试图超过90,000美元的大关时，注意力转向了各种投资者同伙的行为，以及他们的平均成本基础如何影响即将到来的价格行动。

While traditional chart levels like resistance and support remain important to many traders, a more data-driven view is emerging from on-chain analysis.

尽管诸如阻力和支持之类的传统图表水平对许多交易者仍然很重要，但从链上分析中出现了更具数据驱动的看法。

Cost Basis Zones Reveal Key Levels To Watch

成本基础区域显示关键水平要观看

CryptoQuant contributor Crazzyblockk recently highlighted key cost basis levels across Bitcoin holder segments, offering insights into where major price reactions may be concentrated.

加密贡献者Crazzyblockk最近强调了比特币持有人领域的关键成本基础水平，从而提供了有关主要价格反应的洞察力。

These zones, derived from realized prices across different age groups of Bitcoin holdings, are proving useful in identifying areas of likely support and resistance.

这些区域源自不同年龄段的比特币持有量的实现价格，事实证明，这些区域可用于识别可能的支持和抵抗力。

The data focuses on realized prices, the average price at which various groups of holders acquired their Bitcoin, segmented by how long the assets have remained unspent.

数据集中在实现的价格上，这是各个持有人获得其比特币的平均价格，该价格被资产剩余多长时间所分割而成。

According to the analysis, short-term holders, typically defined as those holding BTC for up to 155 days, have an average cost basis of approximately $91,500. This level currently represents a key resistance area, as it indicates the price point at which many recent buyers would begin to move out of loss and into profit.

根据分析，通常定义为持有BTC长达155天的短期持有人的平均成本基础约为91,500美元。该水平目前代表着一个关键的阻力区域，因为它表明了许多最近的买家开始摆脱损失并盈利的价格。

At the same time, the cost basis for new holders, particularly those in the 1–3 month age band, is estimated around $83,700. This range is acting as a zone of support, given that it reflects the average entry point for recent market participants.

同时，新持有人的成本基础，尤其是1-3个月的年龄段的成本基础，估计约为83,700美元。鉴于它反映了最近的市场参与者的平均切入点，该系列是一个支持区。

When Bitcoin’s price stays above this threshold, new buyers are more likely to maintain their positions, potentially reducing short-term selling pressure. Conversely, a drop below this level could result in capitulation from newer holders, introducing downside volatility.

当比特币的价格保持在此门槛之上时，新买家更有可能维持其头寸，从而可能降低短期销售压力。相反，低于此级别的下降可能导致新持有人的投降，从而引入下行波动。

Cost Basis Analysis Offers Insight Into Investor Behavior

成本基础分析提供了对投资者行为的见解

The methodology behind these observations relies on segmenting Bitcoin’s Unspent Transaction Outputs (UTXOs) based on their age and calculating realized prices for each group.

这些观察结果背后的方法依赖于基于年龄的年龄和计算每个组实现的价格分割比特币的未支付交易输出（UTXO）。

This allows analysts to determine where clusters of investors may be in profit or at a loss. Crazzyblockk explains that these zones function as dynamic support and resistance levels, not based on technical indicators but on actual market behavior.

这使分析师能够确定投资者的群体可能陷入盈利或有损失的位置。 Crazzyblockk解释说，这些区域是动态支持和阻力水平，不是基于技术指标，而是基于实际市场行为。

Such data-driven metrics help contextualize market moves beyond short-term speculation. If Bitcoin breaks above the short-term holder realized price near $91.500, it could signify a continuation of bullish behavior as more holders re-enter profitability.

这种数据驱动的指标有助于将市场移动不仅仅是短期推测的上下语。如果比特币超过短期持有人的实现价格接近91.500美元，则可以表示看涨行为的延续，因为越来越多的持有人重新进入盈利能力。

On the other hand, a breakdown below the support level around $83.700 may introduce new selling pressure, particularly from participants who entered during the recent rally.

另一方面，在83.700美元左右的支持水平低于支持水平的细分可能会引入新的销售压力，尤其是在最近的集会期间参加的参与者。