CryptoQuant: Bitcoin is nearing the average investor cost of $81,500; a break below this level could trigger selling pressure and push the price down further.

PANews reported on December 17th that, according to CryptoQuant analyst MorenoDV, Bitcoin's current price is close to the average investor's purchase price (approximately $81,500), a significant psychological level. Investors are generally more willing to hold when the price is above this level; however, if it falls below, this area could become a zone of selling pressure.

Meanwhile, the AVIV ratio, a market sentiment indicator, suggests that Bitcoin is currently in a consolidation phase with low volatility, as investors adjust their positions. If the price can hold above $81,500 and the AVIV ratio (the ratio of active market valuation to realized valuation) remains stable, it indicates that market confidence remains and the trend is likely to continue; however, if it falls below this level, confidence may weaken, and the price may decline further.