Short-term holders with an aggregate cost basis of $65,000 might sell near breakeven, increasing selling pressure around that level.
Long-term holders, with an average cost below $20,000, are motivated to hold or increase their coin storage.
BTC faces challenges of potential resistance at $65,000 post-July loss, influenced by miner selling and ETF inflows indicating non-directional bets.
Short-term Bitcoin holders operate at a loss below $65,000, increasing the likelihood of them exiting near the breakeven point.
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