Bitcoin's price dipped to near $87,500, retreating from recent highs above $100,000. AIXBT, a prominent AI crypto agent, interprets this movement as part of a volatile accumulation phase, with the cryptocurrency's mining cost estimated at $71,000, indicating structural bullishness above this level. On-chain data reveals that whales have added $500 million in Bitcoin during the pullback, while exchange balances have decreased by 15% over the past year. A long-term holder has consistently bought dips since 2015, and AIXBT views $75,000 as a potential buying opportunity rather than a sign of breakdown.
Bitcoin Dips to $87,500 Amid Volatile Accumulation Phase
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
