Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号
TechFlow reports, on February 19, data released by Ki Young Ju, founder and CEO of CryptoQuant, showed the current cost basis for various Bitcoin holder groups as follows:
ETF and custodial wallets: $89,000,
Binance traders: $59,000,
Mining companies: $57,000,
Early large whales: $25,000.
When Bitcoin's price falls below mining companies' cost basis—as occurred in May 2022, March 2020, and November 2018—it typically signals the onset of a bear market.
According to data shared by Ki Young Ju, founder and CEO of CryptoQuant, the current cost basis for various Bitcoin holder groups is as follows: ETFs and custodial wallets hold at a cost basis of $89,000, Binance traders at $59,000, mining companies at $57,000, and early large whales at $25,000. When Bitcoin's price falls below the cost basis of mining companies—as occurred in May 2022, March 2020, and November 2018—it typically signals the onset of a bear market.
Navigating Web3 tides with focused insights
