According to data released by Ki YoungJu, founder and CEO of Crypto Quant, the current cost basis for bitcoin holdings among different groups is as follows:
The cost of holding ETFs and custodial wallets is $89,000.
The cost of holding a position for a Binance trader is $59,000.
The cost of holding a position in a mining company is $57,000.
The cost of holding an early whale is $25,000.
When the bitcoin price falls below the cost of mining companies' holdings (e.g., May 2022, March 2020, November 2018), it usually signals the arrival of a bear market.
CryptoQuant CEO: $89,000 cost base for BTC in ETF or custodial wallet
2025-02-19 06:11:48
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