📊 Bitcoin Is 15% Above Short-Term Holders’ Cost Basis I read Axel Adler Jr.’s latest note on Bitcoin, and the number I’d keep in mind is $74,100. On October 4, $BTC was around $85,300, so short-term holders were sitting roughly 15% above their average cost basis. That cushion was closer to 19% at the end of September, so it has narrowed a bit, but this group is still comfortably in profit. Short-term holder supply also grew by about 87,000 BTC over 30 days, reaching 3.94M BTC. That tells us more coins are moving into this part of the market, although it doesn’t mean all 87,000 BTC were fresh buys - transfers and coin aging can affect the metric too. 📈 So I wouldn’t overcomplicate it. As long as $BTC stays well above $74.1K, recent buyers are not under much pressure. If price gets closer to that level and short-term holder supply starts shrinking, that’s when I’d pay more attention. Right now, the picture still looks pretty healthy: recent buyers have a decent buffer, and they’re still building exposure. Not financial advice. Always DYOR. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#