# Bitcoin (BTC) Tests Short-Term Holder Cost Basis After Binance Attack By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/45377 Published: 2026-10-31T07:35:14.000Z Updated: 2026-10-31T07:35:14.000Z Section: Investing > CryptoQuant analyst Axel Adler Jr. said the market’s response to Binance’s attack was relatively restrained so far. He said Bitcoin appeared more resilient than it did during the market reaction to FTX’s November 2022… CryptoQuant analyst Axel Adler Jr. said Bitcoin (BTC) is testing short-term holders’ cost basis while the market response to Binance’s hot-wallet attack remains relatively restrained so far. Adler Jr. said Bitcoin appeared more resilient than it did during the market reaction to FTX’s collapse in November 2022. FTX was a cryptocurrency exchange. The [short-term-holder cost basis]() represents the group’s average break-even point. ## Links in this article - [short-term-holder cost basis](https://www.tokenpost.com/news/investing/26100)