Analysis: Bitcoin long-term holders have remained profitable since 2023, with the current unrealized profit buffer reaching 72%
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AT A GLANCE
The analyst said that Bitcoin long-term holders have an average cost basis of 48,600 USD, with the current price approximately 72%higher, while the cost basis has declined moderately recently.
Article
Analysis: Bitcoin long-term holders have remained profitable since 2023, with the current unrealized profit buffer reaching 72%BlockBeats news:October 13, crypto market analyst Axel Adler Jr stated that on-chain data show Bitcoin long-term holders (LTH) have an average cost basis of 48,600 USD, with the current price approximately 72%above their cost. This group has remained profitable since 2023 January, and most recently approached the cost line in 2023 March。
LTH The average cost basis peaked at July 30 at 49,500 USD, then declined 1.7%. Since August 1, 74 of 60 days recorded negative weekly changes, with the largest weekly decline being August 25 of 0.34%, with the current reading -0.06%. The analyst noted that this decline remains moderate; a further decline would indicate accelerating selling, while a return to positive territory would mean long-term holders are re-accumulating.
Original link https://m.theblockbeats.info/flash/371549
Key points
01
BlockBeats reported on October 13 the views of crypto market analyst Axel Adler Jr.
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Axel Adler Jr stated that on-chain data show Bitcoin long-term holders (LTH) have an average cost basis of 48,600 USD。
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According to the analyst, the current price is approximately 72%。
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higher than the average cost of long-term holders. This group has remained profitable since 2023 January, and most recently approached the cost line in 2023 March。
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LTH The average cost basis reached July 30 at 49,500 USD, then declined 1.7%。
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Since August 1, 74 of 60 days have recorded negative weekly changes.
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The largest weekly decline was August 25 of 0.34%, and the current reading is -0.06%。
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The analyst considers the current decline moderate; a further decline would indicate accelerating selling, while a return to positive territory would mean long-term holders are re-accumulating.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Long-term holders’ “average cost basis” can be understood as the group’s average purchase cost for Bitcoin. The article states that the current market price is approximately 72%above this cost, meaning the group as a whole still has substantial unrealized gains. At the same time, its average cost basis has declined slightly recently. The analyst views an expanding decline as a signal of accelerating selling and a positive reading as a signal of re-accumulation; these are analytical judgments, not outcomes that have already occurred.
Why it matters to readers
This metric is used to observe whether long-term holders as a whole are profitable or close to their cost basis, as well as how their holding behavior may change. The 72%unrealized profit buffer and the recent decline in cost basis cited in the article provide a reference for assessing this group’s profitability and potential selling or accumulation trends.
Beginners can view 48,600 USD as the average cost reference line for the long-term holders described in the report, but should not use this metric alone to determine whether Bitcoin will rise or fall next.
Risks and unknowns
The report relays the analyst’s views and does not provide independently verifiable underlying on-chain data in the body text.
The body text does not explain the specific calculation methods for the average cost basis and weekly change.
“A further decline indicates accelerating selling” and “a return to positive territory indicates re-accumulation” are the analyst’s conditional judgments; these outcomes have not yet occurred.
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This metric alone cannot confirm Bitcoin’s future price direction.
Related concepts
Long-term holders (LTH）
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