Bitcoin Tests New Whale ‘Cost Price Support Line’ — On-Chain Data Signals Crucial Support Test

CryptoOnchain’s latest on-chain data shows Bitcoin is testing a key support level—the new whale’s Cost Price Support Line. This metric, derived from aggregated wallet activity, identifies the average acquisition price of recent large inflows and serves as an on-chain benchmark for institutional positioning.

Historical chain evidence indicates whales have repeatedly defended this holding cost, with the line functioning as a pronounced demand bottom on multiple occasions since August (twice observed). Such defensive behavior highlights concentrated liquidity and loss‑aversion dynamics among sizable holders.

Market attention now centers on the reaction at this price band: the forthcoming price action will clarify short‑term liquidity and directional bias without implying a guaranteed outcome. Participants should monitor volume, order‑book depth and large transfers to evaluate whether major holders re‑engage to support the market.

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