Analyzing The Current Long-Term And Short-Term Bitcoin Holder Cost Bases Today

116

The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

The current short-term holder cost basis has been a key price support to watch over the last couple months as it’s dropped from nearly $53,000 to $49,986. Price below the short-term cost basis is a fairly cautious market sign as recent market buyers are down 15.5% on average. During the summer of 2021, price sustained below the short-term holder cost basis for nearly three months.

Read More:   Implementing Reusable Payment Codes In Bitcoin Wallets To Improve User Privacy Today

At the same time, we’re seeing little movement in the long-term holder realized price with almost no change since November. A rising long-term holder realized price is typically a bullish sign with long-term holders selling older coins with a lower cost basis. 

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More