Analysts say the average cost of all currently losing Bitcoin holdings is only $93,600.

CoinFeed reported on April 5th that crypto analyst Murphy stated in an article on the X platform that the average cost of all currently losing Bitcoin is only $93,600. This means that under the current loss structure, if BTC rises back to $93,000, all the losing tokens will break even on average. Although there are still many tokens trapped above, it can be concluded that during the two rapid declines at the end of last year and the beginning of this year, a large number of high-priced trapped tokens must have chosen to cut their losses and leave the market, thus lowering the average cost of the overall floating losses. This figure has a deviation coefficient of 1.4 from the current 30-day average BTC price, while the deviation coefficient at the bottom of the past three bear markets was at least greater than 2.0. A deviation coefficient greater than or equal to 2.0 indicates that when entering the absolute bottom range, the BTC price was less than half of the "average cost of losing tokens".