ChainCatcher report: Cryptocurrency analyst Axel Adler Jr. stated that, as of October 21, the proportion of new investor capital in the Bitcoin network had risen from the yearly low of 6.6% on July 5 to 11.2%, indicating a gradual return of new funds—though still below the levels exceeding 20% seen in 2024 and 2025. Currently, Bitcoin’s price is approximately $82,300, with the average cost basis for short-term holders at $75,100, resulting in an overall unrealized profit of about 9.5%. This group has remained in profit for 63 consecutive days since August 20, with the unrealized profit ratio peaking at 16% on October 5. If the share of new investor capital surpasses 11.5%, it would signal further strengthening of buying demand; if it falls below 10%, it may indicate a potential stagnation in new capital inflows. Should Bitcoin drop below $75,100, short-term holders would collectively turn unprofitable, potentially increasing selling pressure.
Bitcoin short-term holders' unrealized profit at 9.5%, new capital reaches 11.2%
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Summary
Bitcoin news reports that, as of October 21, 2026, new investor capital in the Bitcoin network has risen to 11.2%, up from a yearly low of 6.6% on July 5. Short-term holders now hold Bitcoin at an average cost of $75,100, with an unrealized profit of 9.5% as the price hovers near $82,300. This group has remained profitable for 63 consecutive days since August 20. If new capital exceeds 11.5%, it may indicate stronger demand, while a decline below 10% could suggest slowing inflows. A Bitcoin price below $75,100 would push short-term holders into loss territory, likely increasing selling pressure. Bitcoin analysis suggests closely monitoring these metrics for potential market shifts.
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