Axel Adler Jr: The cost basis for short-term BTC holders is approximately $76,000; a drop below this level would result in unrealized losses.

CryptoQuant analyst Axel Adler Jr. stated that the average cost basis for short-term BTC holders is approximately $76,000, with the current price 5.9% above that cost. Over the past week, this group's unrealized profit margin has narrowed from 8.7% to 5.9%, during which time the BTC price fell by $1,000, and the average cost basis increased by $1,100. Currently, the average cost basis for short-term holders is approximately 1.56 times that of long-term holders, at $76,000 and $48,600 respectively. If BTC falls below $76,000, BTC purchased over the past six months will turn into an overall unrealized loss.