Axel Adler Jr. says Bitcoin short-term holders are sending coins to exchanges at a loss

The story so far: Bitcoin short-term holder cost basis

Analysts have tracked short-term Bitcoin holders' average cost basis near $76,000, with profit margins shrinking. CryptoQuant's Darkfost now puts the cost basis at $76,500, with an average margin of about 5.5%, down from 20% less than a month ago, and calls it a support level to watch.

1. 16 Oct 202608:44 UTC

   Axel Adler Jr. says Bitcoin short-term holders' cost basis sits at $74,900

   Analyst Axel Adler Jr. says short-term holders' Bitcoin holdings rose about 422,000 BTC, or 12%, from 29 July to roughly 4.08 million BTC, the highest since mid-June. Their average entry price is about $74,900, and a fall below that could intensify selling pressure, he said.

   BitcoinCoinNessAIBearish

2. 22 Oct 202607:54 UTC

   CryptoQuant's Axel Adler Jr. says BTC short-term holders sit on about 11% gains

   CryptoQuant contributor Axel Adler Jr. said short-term Bitcoin holders remain in profit with unrealised gains of around 11%. He said a drop below $75,100 could push those positions into loss and potentially increase selling pressure.

   BitcoinCoinNessAIBearish

3. 26 Oct 202608:44 UTC

   Axel Adler says Bitcoin below $76,000 would put short-term holders in loss

   Axel Adler Jr. said the average purchase price for Bitcoin short-term holders was $76,000 on 25 Oct, up $1,100 in a week, and a fall below that level would put them in loss on average. Their profit margin fell to 5.9% from 8.7% over the week, he said.

   BitcoinCoinNessAIBearish

4. 27 Oct 202607:29 UTC

   Axel Adler Jr. says Bitcoin short-term holders are sending coins to exchanges at a loss

   Axel Adler Jr. says the 24-hour inflow balance of Bitcoin's short-term holder net profit metric was negative 18,600 BTC on 27 Oct, meaning loss-making transfers outweighed profitable ones. The balance was positive 10,400 BTC a week earlier and negative 23,100 BTC on 26 Oct.

   BitcoinOdailyAIBearish

5. 29 Oct 202600:01 UTC

   CryptoQuant analyst Darkfost says $76,500 cost basis is support for Bitcoin short-term holders

   Bitcoin short-term holders have been in profit on average for nearly two months, with an estimated cost basis of $76,500 and an average margin of about 5.5%, down from 20% less than a month ago. CryptoQuant analyst Darkfost says that cost basis is a support level to watch.

   BitcoinOdailyAINeutral