On-chain data shows the Bitcoin short-term holder whales have recently been entering at three times higher prices than the cost basis of the long-term holder whales.
New Bitcoin Whales Have Cost Basis Around $91,900
In a new post on X, CryptoQuant author Axel Adler Jr has discussed how the Realized Price compares between the two major sides of the whale cohort on the Bitcoin network. The “Realized Price” here refers to an indicator that keeps track of the cost basis or acquisition level of the average investor in the BTC market.
Trending: Here’s Why Joe Biden Flooded the Country with Illegal Aliens
When the value of this metric is above the spot price of the asset, it means the holders as a whole are carrying a net unrealized loss. Similarly, the indicator being under the coin’s
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!