Add as a preferred source on GoogleRecent Bitcoin (BTC) Buyers Have a Thinner Unrealized-Profit Cushion
Long-term holders had an average cost basis of about $49,300, compared with $74,400 for recent buyers. A further price decline could bring greater selling pressure from newer buyers.
As of Oct. 15, Bitcoin (BTC) long-term holders had an average unrealized gain of about 64%, compared with about 9% for recent buyers, leaving the newer group with a thinner profit cushion.
Long-term holders’ average cost basis was about $49,300, compared with $74,400 for recent buyers. The comparison adds context to an earlier analysis of long-term holders’ unrealized-profit buffer.
A further decline in Bitcoin’s price could bring greater selling pressure from recent buyers.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.