Quick Take Utilizing data from Glassnode to estimate a market-wide cost basis reveals intriguing trends in the average price at which coins are withdrawn from exchanges. The information, segregated into cohorts, uncovers an upward trajectory on a cost basis, indicating a trend of purchasing Bitcoin at incrementally higher prices. Most notably, the 2024 cohorts experienced […]
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Recent Bitcoin buyers show unyielding optimism, pushing cost basis upward despite price surges