Bitcoin Tests Break-Even Level for Short-Term Whales

Bitcoin's price has once again returned to the break-even level for short-term investors, hovering around $79,000 to $80,000. This marks the third time since October that the cryptocurrency has reached this crucial threshold, as noted by on-chain analyst MorenoDV.

“If BTC can stabilize above this cohort’s cost basis, unrealized stress disappears & these whales may transition from defensive sellers into passive holders again, removing significant sell-side pressure from the market.” – By @MorenoDV_

Short-term whales, who had previously faced unrealized losses, are now at a pivotal point. These investors often react more emotionally to market fluctuations compared to long-term holders, prioritizing immediate profit metrics and risk management over unwavering confidence in Bitcoin's future.

Past instances of similar price movements in October 2025 and January 2026 resulted in capitulation, where the price briefly exceeded the whales' entry point before losing momentum and prompting a sell-off to minimize losses.

The current scenario is critical; should Bitcoin manage to maintain a price above $80,000, these large holders may shift from selling to becoming passive holders, which would ease market pressures. Conversely, failure to hold this level could trigger another wave of selling.

As of now, Bitcoin is trading at $80,470, reflecting a 1.3% increase over the last day. Additionally, analysts at JPMorgan have indicated that Ethereum may continue to lag behind Bitcoin in the near future.