Long-term holders are up 72%
The on-chain data speaks for itself: Bitcoin long-term holders have an average cost basis of $48,600, and the current price is about 72% above that level. This group has been in the green since January 2023. The cost basis peaked at $49,500 on July 30, then fell 1.7%. Over the 74 days since August 1, the weekly change was negative on 60 days, with the largest weekly drop at 0.34%. The current reading is -0.06%.
Such a shallow decline suggests that long-term holders aren’t dumping their coins onto exchanges. Instead, low-cost coins are gradually changing hands and moving into long-term addresses. Once the weekly change turns positive again, it’ll signal that this group is starting to add to its holdings—and selling pressure overhead should ease significantly.
Is your BTC cost basis above or below $48,600?
$BTC $ETH $SOL
The on-chain data speaks for itself: Bitcoin long-term holders have an average cost basis of $48,600, and the current price is about 72% above that level. This group has been in the green since January 2023. The cost basis peaked at $49,500 on July 30, then fell 1.7%. Over the 74 days since August 1, the weekly change was negative on 60 days, with the largest weekly drop at 0.34%. The current reading is -0.06%.
Such a shallow decline suggests that long-term holders aren’t dumping their coins onto exchanges. Instead, low-cost coins are gradually changing hands and moving into long-term addresses. Once the weekly change turns positive again, it’ll signal that this group is starting to add to its holdings—and selling pressure overhead should ease significantly.
Is your BTC cost basis above or below $48,600?
$BTC $ETH $SOL