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Data: Bitcoin is currently testing the new whale 「cost basis support line」, and its future trend will be crucial

2025.10.11 15:08:12

On October 11th, CryptoOnchain disclosed on-chain data suggesting that Bitcoin is currently undergoing a test at a key support level - specifically, the "Cost Price Support Line" of the new whales. This line represents the average holding cost of new large funds that have entered the market. Historical data indicates that whales typically tenaciously defend this cost line to avoid losses. This level has served as a strong demand bottom on multiple occasions in the past (twice since August). The current central suspense in the market is whether whales will once again intervene to support the market. Therefore, the upcoming price movement (that is, the reaction at this key level) is of great importance.
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