Analyst: Bitcoin short-term holder cost basis averages approximately 73700 USD
BIBIBI
AT A GLANCE
Analyst says Bitcoin’s short-term holder cost basis rose to 73700 USD, while average unrealized profit fell to 13.7%。
Article
Analyst: Bitcoin short-term holder average cost is approximately 73700 USD BlockBeats reported that October 1, CryptoQuant analyst Axel Adler Jr. stated that Bitcoin’s current price is approximately above the short-term holder (STH) cost basis by 73700 USD approximately 14%. Over the past 1 weeks, the STH cost basis rose by 1.2%, from 72800 USD to 73700 USD, while Bitcoin’s price was essentially flat. Short-term holders’ average unrealized profit is currently 13.7%, lower than 1 weeks ago, when it was 15.4%.
Meanwhile, the long-term holder (LTH) cost basis declined over the past 1 weeks by 0.3%, from 48900 USD to 48800 USD. Bitcoin’s current price is above this level by 72%, meaning that long-term holders continue to maintain relatively high unrealized profits. A decline in long-term holders’ cost basis does not necessarily indicate selling; it may also be related to some coins with costs above the average moving into the short-term holder cohort.
Bitcoin’s price is currently still above the average cost bases of both holder groups. Data shows that the STH cost basis has continued to rise since August 20, but the recent gains have slowed from September 23 in the week of 2.2%to 1.2%. If Bitcoin’s price gains again exceed the growth rate of the short-term holder cost basis, its profit margin will expand further.
Original link https://m.theblockbeats.info/flash/369902
Key points
01
CryptoQuant analyst Axel Adler Jr. stated that Bitcoin’s current price is 73700 USD approximately above the short-term holder cost basis 14%。
02
Over the past 1 weeks, the short-term holder cost basis rose by 1.2%, from 72800 USD to 73700 USD。
03
Bitcoin’s price was essentially flat over the same period, while short-term holders’ average unrealized profit fell from 15.4%to 13.7%。
04
Over the past 1 weeks, the long-term holder cost basis declined by 0.3%, from 48900 USD to 48800 USD。
05
Bitcoin’s current price is above the long-term holder cost basis by 72%。
06
The short-term holder cost basis has continued to rise since August 20, with the increase slowing from September 23 in the week of 2.2%to 1.2%。
07
Bitcoin’s price is currently still above the average cost bases of short-term and long-term holders.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Cost basis can be understood as the average cost at which a given group of holders bought Bitcoin. The current price is above the average cost of both short-term and long-term holders, meaning that both groups remain, on average, in unrealized profit, but short-term holders’ average unrealized profit has declined compared with 1 weeks earlier.
Why it matters to readers
Changes in the short-term holder cost basis and unrealized profit can be used to observe the profit margin of recent buyers. The original text states that if Bitcoin’s price gains again exceed the growth rate of the short-term holder cost basis, their profit margin will expand further.
These data help beginners understand whether recent and long-term holders are, on average, in unrealized profit, but they cannot be used alone to determine whether Bitcoin will definitely rise or fall next.
Risks and unknowns
The material relays an analyst’s view through BlockBeats and does not provide CryptoQuant’s original analysis page or calculation methodology.
A decline in long-term holders’ cost basis does not necessarily represent selling; the original text only suggests that it may also be related to some coins moving into the short-term holder cohort.
The available data cannot confirm the subsequent direction of Bitcoin’s price.
Related Developments
Loading event timeline…
Related concepts
Short-term holders (STH）
This term is not in the glossary yet. Browse related concepts in the glossary.
