Analyst: Bitcoin has remained stable at the cost line of $80,400 for several consecutive weeks, and most of the invested funds have entered a profitable state

On-chain analyst Darkfost stated that there has been a significant improvement in the Bitcoin market trend compared to late August, and this change is reflected in the Capital Cost Basis indicator.

This indicator weights the realized price based on the scale of funds invested by investors when purchasing Bitcoin, giving more weight to BTC bought at higher prices. Currently, this cost basis is approximately $80,400.

Darkfost pointed out that the Bitcoin price was still hovering around this key level in late August, but now it has closed above this level for several consecutive weeks, indicating that most of the invested funds in the market are in a slight profit state. As the profit situation gradually improves, investor positions are also stabilizing, which helps the market maintain resilience during the current consolidation phase.