[IMPORTANT] Bitcoin Dip Buying Seen as Risky Until Short-Term Holders Start Profiting, Say Analysts

Investment bank Compass Point advises caution on buying Bitcoin dips before the asset surpasses $98,000, the average cost basis for short-term holders. Despite a recent rally to $97,500, Bitcoin's failure to cross this level heightens concerns about a prolonged downtrend. Elevated leveraged buying also raises liquidation risks unless Bitcoin drops closer to $80,000.