Analysis: The current holding cost for Bitcoin mining companies is 57,000 US dollars, while the holding cost for ETF/custodial wallets is 89,000 US dollars
CryptoQuant CEO Ki Young Ju posted on X stating: "The current cost basis for Bitcoin is $95,000:
• ETF/Custodial Wallets: $89,000;
• Traders: $59,000;
• Mining Companies: $57,000. Breaking this level during past downturns (May 2022, March 2020, November 2018) confirmed a bear market;
• Old Whales: $25,000."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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