The True Market Mean, currently at $78,200, reflects the average price of every bitcoin at the time it last moved onchain, essentially representing the aggregate cost basis of the entire active market.

The Short-Term Holder Cost Basis at $78,400 tracks the average acquisition price of investors who bought within the last 155 days, a group historically prone to panic selling when underwater.

Bitcoin trading above all three suggests the majority of recent buyers remain in profit, reducing sell pressure from forced liquidations or panic selling. The key zone to watch is whether bitcoin can flip the $82,000-$82,500 into support.

Key Cost Basis Models (CheckonChain)

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South Korean flag. (CoinDesk Archives)

XRP/KRW was the most traded pair on Upbit and second on Bithumb, a familiar Korean market signal that has often preceded sharper moves in the token.

What to know:

  • XRP has surged to the top of South Korean crypto trading, leading volumes on Upbit and ranking near the top on Bithumb, even ahead of bitcoin and ether in key pairs.
  • Despite the volume spike, XRP’s price has moved only modestly, trading around $1.44 to $1.45 and repeatedly failing to…

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