Odaily Planet Daily reports, according to data monitored by Axel Adler Jr., the average cost basis of long-term Bitcoin holders is $48,600, with the current Bitcoin price approximately 72% above this cost. This group has remained in profit since January 2023, with the most recent proximity to the cost line occurring in March 2023.
The average cost basis of Bitcoin long-term holders peaked at $49,500 on July 30 and has since declined by 1.7%. Since August 1, 60 out of the past 74 days have recorded negative weekly changes, with the largest single-week decline of 0.34% occurring on August 25; the current reading is -0.06%. Axel Adler Jr. noted that this decline remains moderate; further decreases would indicate accelerating selling pressure, while a return to positive territory would suggest long-term holders are re-accumulating.