Bitcoin cost basis analysis: ETF/custodial wallet is $65,000, mining companies are $45,000
2024-08-06 11:08:34
CryptoQuant CEO Ki Young Ju said in a post that the data shows that the Bitcoin cost basis (Cost-Basis) is as follows:
- ETF/Custody Wallet: 65,000 USD;
- Binance traders: 55,000 USD;
- Miners: $45,000, in past market downturns (May 2022, March 2020, November 2018), below this level confirms a bear market;
- Old Whale: 22,000 dollars.
- ETF/Custody Wallet: 65,000 USD;
- Binance traders: 55,000 USD;
- Miners: $45,000, in past market downturns (May 2022, March 2020, November 2018), below this level confirms a bear market;
- Old Whale: 22,000 dollars.
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