Bitcoin Long-Term Holders Sit on 72% Unrealized Profit Buffer, Profitable Since 2023

Odaily News: According to data monitored by Axel Adler Jr, the average cost basis for Bitcoin long-term holders is $48,600, and the current Bitcoin price is about 72% above their cost. This group has been in profit continuously since January 2023, with the most recent approach to the cost line occurring in March 2023.

The average cost basis for Bitcoin long-term holders peaked at $49,500 on July 30 and has since fallen 1.7%. Since August 1, weekly changes have been negative in 60 of 74 days, with the largest single-week decline at 0.34% on August 25; the current reading is -0.06%. Axel Adler Jr said this decline remains moderate; a further drop would indicate accelerating selling, while a return to positive territory would mean long-term holders are re-accumulating.