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[Analysis: Bitcoin Long-Term Holders Have Continued Profiting Since 2023, Current Unrealized Gains Buffer at 72%] BlockBeats News, October 13, crypto market analyst Axel Adler Jr stated that on-chain data shows the average cost basis for Bitcoin long-term holders (LTH) is $48,600, with the current price approximately 72% higher than their cost basis. This group has remained in a profitable state since January 2023, with the most recent approach to the cost line occurring in March 2023. The LTH average cost basis peaked at $49,500 on July 30 and has since decreased by 1.7%. From August 1 onward, 60 out of the past 74 days have seen weekly changes in the negative, with the largest single-week drop being 0.34% on August 25, and the current reading at -0.06%. The analyst noted that this decline remains moderate, and a further drop would indicate accelerated selling, while a return to positive values would suggest long-term holders are accumulating again. [Original Link]