CryptoQuant CEO Reveals Bitcoin Holders' Average Cost Basis: Whales Still Underwater

IconCryptoNewsTerminal Staff13 Sep, 2024

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CryptoQuant CEO Reveals Bitcoin Holders' Average Cost Basis: Whales Still Underwater

CryptoQuant CEO Ki Young Ju shared the results of an analysis of the average cost basis of major Bitcoin holders. - Spot ETF holders: $62,000 - Binance traders: $55,000 - Miners: $43,000 - Long-term whales: $27,000 Only spot ETF holders are currently recording losses, based on the current price of BTC. According to CoinMarketCap, BTC is trading at $57,726.4, down 0.64%.