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Murphy says BTC short-term holder coins repriced as absorption emerges

NewsFeeds update

On-chain analyst Murphy says BTC short-term holders held 2.2353 million BTC as of 31 Oct, with 1.147 million BTC, or 51.3%, in unrealised loss, and that absorption is emerging in the $75,000-$78,000 range.

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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. Darkfost now estimates unrealised losses for holders of Bitcoin moved in the past one to three months at about $452m, the first notable pressure since the bear market ended.

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  1. Murphy says BTC short-term holder coins repriced as absorption emerges

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