23-07-2024 10:00 via newsbtc.com

Last Resistance: Bitcoin Now Testing Final Short-Term Holder Cost Basis

On-chain data shows that the Bitcoin price reiterates the last cost basis level associated with the short-term holder group.
Bitcoin Price Has Surged Past Final Short-Term Holder Cost Basis
As explained by CryptoQuant author Axel Adler Jr in a new post on X, Bitcoin has only one Realized Price of the short-term holders left to break. The “Realized Price” here refers to an on-chain indicator that keeps track of the average cost basis of the investors in the BTC market.Investors carry
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