Analyst: Bitcoin Cost Basis Remains Stable with Long-Term Holders Seeing 72% Unrealized Profit

Crypto analyst Axel Adler reports that Bitcoin is trading at approximately $83,700, which is 14% above the cost basis for short-term holders (STH). While the STH cost basis has risen to $73,700 as of the past week, the cohort maintains an unrealized profit of 13.7%, indicating that the group remains profitable overall.