Analyst: Bitcoin trades 14% above short-term holders' cost basis, long-term holders up 72%
- —BTC near $83,700, about 14% above short-term holders' cost basis
- —STH cost basis rose from $72,800 to $73,700 over the week (+1.2%)
- —STH unrealized profit fell to 13.7% from 15.4%
- —Long-term holders' cost basis eased to $48,800, profit near 72%
Why it matters: Rising short-term cost basis alongside large long-term holder gains points to a stable cost structure and limited risk of cascading selling.
Source: PANews