Bitcoin Slips Below Key Holder Cost Basis Ahead Of $1.74B Options Expiry
Bitcoin is trading below a key cost threshold that short-term holders paid to acquire it — a sign that many recent buyers are sitting on losses heading into one of the largest options expiry events of the month. Related Reading: 23 Billion+ XRP Already Quantum Safe, According To New Wallet Analysis Bitcoin: Bears Hold The Edge Going Into Expiry Glassnode data shows Bitcoin is currently priced under the Short-Term Holder Cost Basis of $78,900, and also below the True Market Mean of $78,000. Support is seen further down, in the $65,000–$70,000 range. That backdrop sets a cautious tone as....