Bitcoin speculators' record cost basis boosts $100K support as BTC dives
2025-07-15 09:53:31
Main Idea
Bitcoin's short-term holders now have an aggregate buy-in price above $100,000, reinforcing this level as a potential support during downturns, while significant profit-taking activity is observed among both short-term and long-term holders.
Key Points
1. Bitcoin short-term holders (STHs) now have an aggregate cost basis exceeding $100,000 per coin, marking a new milestone.
2. Profit-taking activity has surged, with $3.5 billion in realized profits within 24 hours, primarily driven by long-term holders (LTHs).
3. The $100,000 cost basis for STHs could serve as a key support level if Bitcoin's price experiences a deeper downturn.
4. A mystery owner of a 14-year-old Bitcoin wallet transferred 40,000 BTC to Galaxy Digital, with 6,000 BTC subsequently deposited into Binance.
Description
Bitcoin now has added support at the $100,000 mark as a mass profit-taking takes over speculators, whales and "diamond hands" alike.
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