Bitfinex: Bitcoin breaks above average purchase price, strategy becomes a key factor
2026-08-25 03:38:20
According to CoinMeta, an analyst from Bitfinex stated that Bitcoin has surpassed the average purchase price of $75,385 set by the strategy, with a rise of about 24% over the past week. The company's analysis indicates that the financial activities of this strategy have become a key signal, as it stopped selling before Bitcoin broke through its summer trading range. Bitfinex also noted that the total cost of the 840,447 Bitcoins held by the strategy is approximately $63.36 billion, and if buying resumes, it could provide support for the market. Analysts warn that reselling at high prices could put pressure on the market.
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Source:Cryptonews
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