Bitcoin’s current position presents a critical test for its price stability. CryptoOnchain data suggests that the cryptocurrency is currently encountering a significant support level known as the ‘cost price defense line’ of new major investors. This line represents the average purchase price point for substantial newcomers to the market. Notably, large investors have historically defended this cost line to avoid potential losses, and it has served as a strong demand anchor multiple times since August, including twice recently. The crucial question for the market now is whether these powerful players will intervene to support the cryptocurrency’s price again. The upcoming market fluctuations at this pivotal level are particularly significant.