Crypto analyst Darkfost says Bitcoin short-term holders' cost basis is now near $76,000, up from about $67,500 in mid-August, testing their conviction. The short-term holder MVRV is near the neutral level of 1, after topping 1.18 in late September.
Darkfost says Bitcoin short-term holders' cost basis has risen to $76,000
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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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Darkfost says Bitcoin short-term holders' cost basis has risen to $76,000
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