New Bitcoin Whales Have Cost Basis 185% Higher Than Long-Term Holders
Recent data indicates that short-term holder (STH) whales are entering the Bitcoin market at significantly higher prices compared to long-term holder (LTH) whales. Key points include:
- The cost basis for STH whales is approximately $91,900.
- LTH whales have a much lower cost basis of about $32,200, showing a 185% spread between the two groups.
- This trend reflects increased confidence and buying activity among new investors, contrasting with the previous bear market where the spread was only 65%.
- The gap between these cohorts peaked at 437% during the 2021 bull market.
Bitcoin has recently recovered, reclaiming the $103,000 level.
