coin-img-ETHETH-0.90%coin-img-BTCBTC+0.53%coin-img-SOLSOL+0.61%coin-img-USDCUSDC-0.06%coin-img-XRPXRP-0.46%coin-img-GENSYNGENSYN-9.31%coin-img-HYPEHYPE+5.71%coin-img-OPNOPN-7.20%coin-img-ETHETH-0.90%coin-img-BTCBTC+0.53%coin-img-SOLSOL+0.61%coin-img-USDCUSDC-0.06%coin-img-XRPXRP-0.46%coin-img-GENSYNGENSYN-9.31%coin-img-HYPEHYPE+5.71%coin-img-OPNOPN-7.20%coin-img-ETHETH-0.90%coin-img-BTCBTC+0.53%coin-img-SOLSOL+0.61%coin-img-USDCUSDC-0.06%coin-img-XRPXRP-0.46%coin-img-GENSYNGENSYN-9.31%coin-img-HYPEHYPE+5.71%coin-img-OPNOPN-7.20%coin-img-ETHETH-0.90%coin-img-BTCBTC+0.53%coin-img-SOLSOL+0.61%coin-img-USDCUSDC-0.06%coin-img-XRPXRP-0.46%coin-img-GENSYNGENSYN-9.31%coin-img-HYPEHYPE+5.71%coin-img-OPNOPN-7.20%

Bitwise's André Dragosch cites $48,000 long term holder cost basis as Bitcoin max pain, warns of potential 20% drop

Speaking at BTC Prague, Bitwise's André Dragosch said Bitcoin could drop another 20%, citing key downside levels at about $61,000 for the 200 week moving average, $56,000 realized price, and $48,000 long term holder cost basis. He linked recent weakness to about $2 billion in weekly ETP outflows, or roughly 50,000 BTC sold in a short period.
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