CryptoQuant analyst Axel Adler Jr. noted that Bitcoin is trading below the cost basis of short-term holders. As of August 8, Bitcoin was trading at $64,952, while the short-term holder cost basis stood at $67,523—resulting in a 3.8% discount, or a $2,571 gap. Over the past 284 days, Bitcoin has closed below the short-term holder cost basis 279 times, suggesting that short-term holders may begin selling to break even.
Bitcoin Falls Below Short-Term Holder Cost, Liquidation Risk Increases
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Summary
According to CryptoQuant analyst Axel Adler Jr., Bitcoin’s price today fell below the cost basis of short-term holders. As of August 8, 2026, Bitcoin traded at $64,952, while the short-term holder cost basis stood at $67,523—representing a 3.8% decline and a $2,571 gap. Over the past 284 days, Bitcoin closed below the short-term holders’ cost basis on 279 occasions, indicating potential selling pressure as holders aim to break even. Bitcoin price prediction models may need to account for increasing liquidation risks.
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