A make or break moment: Will $79,200 act as a launchpad or a ceiling for bitcoin?

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A make or break moment: Will $79,200 act as a launchpad or a ceiling for bitcoin? True Market Mean and Short-Term Holder cost basis form a critical $78.2K to $79.2K range that could define the next major move. What to know: - The True Market Mean, currently around $78,200, represents the average cost basis of actively traded coins and is acting as immediate resistance. - The Short-Term Holder cost basis, near $79,200, reflects the average entry price of recent buyers, who remain underwater and could add to sell pressure if the level is not reclaimed. Bitcoin The first metric is the True Market Mean, currently at $78,200. This metric, tracked by Checkonchain, reflects the average acquisition price of actively circulating supply, excluding lost or dormant coins. It effectively captures the aggregate cost basis of engaged market participants. The True Market Mean filters out lost, dormant, and economically inactive coins, leaving only the cost basis of participants who are actually present in the market, making it a more precise gauge of where real selling pressure resides. Just above sits the Short-Term Holder realized price (STHRP) at $79,200, according to checkonchain. This cohort, defined as investors holding coins for fewer than 155 days, tends to be more reactive to price swings. With spot prices below their average entry, these participants remain at a slight loss. Bitcoin tested the STHRP in mid-January around $98,000 and got rejected. A sustained move above this zone could shift both levels into support, strengthening bullish momentum. Conversely, failure to reclaim them may prolong bitcoin’s consolidation phase, with potential downside. More For You Volo Protocol lost about $3.5 million from three vaults holding WBTC, XAUm, and USDC. What to know: - Volo Protocol was exploited, losing about $3.5 million from three vaults holding WBTC, XAUm, and USDC. - The protocol froze all vaults, coordinated with the Sui Foundation, and says the remaining $28 million in funds are safe. - The incident adds to a wider DeFi security problem, with over $10 billion in...

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