Exceeding $79,000 in Bitcoin May Become Difficult: Loss-Making Buyers Could Sell at Break-Even

CryptoQuant reports that Bitcoin sellers have held the upper hand since late October, with the average cost basis for recent buyers sitting at $79,300, a level that could cap upside as holders who bought in the past one to three months look to exit at break-even. The on-chain analytics firm said Bitcoin has struggled to clear that threshold, with recent buyers underwater and prone to selling once price returns to their entry point. The dynamic matters because it turns $79,300 into a supply wall that could slow any recovery attempt. Traders should watch whether Bitcoin can absorb that break-even selling and hold above the level; a failure to do so would reinforce the seller dominance CryptoQuant has tracked since late October.