CryptoQuant analyst Burak Kesmeci pointed out that the average cost for short-term bitcoin holders is playing a key role. Currently, the average cost for 1-3 month holders is $61,633, and the average cost for 3-6 month holders is $64,459. These two levels are approaching every day, and the breakout direction will be decisive. Kesmeci believes that if the price breaks through $64,500, it will give strength to the bulls; conversely, if it falls below the average cost of $61,600 for 1-3 month holders, the patience of bitcoin investors will be severely tested.