Markets· ★★★· neutral·

Glassnode: Bitcoin whales fell underwater at June low while small holders stayed profitable

  • —Average cost basis: sharks (100–1,000 BTC) at $67,500, whales (1,000–10,000 BTC) at $62,100
  • —Wallets holding under 1 BTC have a $48,000 cost basis; market-wide average is $52,700
  • —In 2022 every holder group fell underwater; this time only large wallets did
  • —BTC was trading around $85,900 at the time of the analysis
Why it matters: The holder base looks more resilient than in 2022: retail stays in profit while whales have already recovered, reducing the risk of cascading selling.
#BTC
Source: Koin Bülteni
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