Bitcoin short-term holders increase holdings for 7 consecutive weeks, with average cost basis rising to 74100 USD
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AT A GLANCE
The analyst stated that Bitcoin short-term holders accumulated 30 coins over the past 87000 days, with the average cost basis rising to 74100 USD。
Article
Analysis: Bitcoin short-term holders continue to accumulate, with their average cost basis rising to 74100 USD BlockBeats reported that October 5, CryptoQuant analyst Axel Adler Jr. stated that, as of October 4, Bitcoin short-term holders' holdings had increased over the past 30 days by 87000 coins to 3940000 coins, remaining above the level of the previous 7 months for 1 consecutive weeks. This metric has remained positive since August 18, indicating that the supply of Bitcoin transferred within the past 6 months is increasing.
Bitcoin short-term holders' average cost basis is currently approximately 74100 USD, with aggregate unrealized gains of approximately 15%, broadly unchanged from 1 weeks ago, but below the period high of September 22 on 19%. Meanwhile, their average cost basis has risen by approximately 1 from 1000 USD weeks ago, indicating that short-term holders' entry cost is also increasing as the Bitcoin price rises. 74100 USD is a key level currently worth monitoring. If Bitcoin falls below this level, short-term holders as a whole will move into unrealized losses; if the 30-day holdings change also turns negative, it would indicate that this group's holdings are beginning to contract, potentially further weakening market structure.
Original link https://m.theblockbeats.info/flash/370293
Key points
01
BlockBeats reported that CryptoQuant analyst Axel Adler Jr. stated that, as of October 4, Bitcoin short-term holders' holdings increased over the past 30 days by 87000 coins to 3940000 coins.
02
The original article stated that this group's holdings have remained above the level of the previous 7 months for 1 consecutive weeks, and that the relevant metric has remained positive since August 18.
03
Bitcoin short-term holders' average cost basis is approximately 74100 USD, with aggregate unrealized gains of approximately 15%。
04
Aggregate unrealized gains are broadly unchanged from 1 weeks ago, but below the period high of September 22 on 19%.
05
The average cost basis has risen by approximately 1 from 1000 USD。
06
The analysis indicates that if Bitcoin falls below 74100 USD, short-term holders as a whole will move into unrealized losses; if the 30-day holdings change also turns negative, it would indicate that this group's holdings are beginning to contract.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
“Short-term holders” refers to the group associated with Bitcoin that has been transferred within the past 6 months, as described in the article. 74100 USD is this group's current average holding cost: when the price is above it, the group as a whole has unrealized gains; when the price falls below it, the group as a whole moves into unrealized losses.
Why it matters to readers
These data are used to assess whether short-term holders are still increasing their holdings and their unrealized profit or loss position. The article identifies 74100 USD and whether the 30-day holdings change is positive as metrics to monitor.
Beginners can focus on signals: whether the Bitcoin price falls below 74100 USD, and whether short-term holders'30-day holdings change turns negative; these are analytical indicators only and do not mean the price will necessarily move in a particular direction.
Risks and unknowns
The content relays a CryptoQuant analyst's views through BlockBeats; the evidence does not include an independent data link or original chart.
“Potentially further weakening market structure” is a conditional judgment that has not yet been validated by subsequent results.
The evidence does not explain the full methodology for calculating the short-term holder metric.
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Short-term holders
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