The average unrealized gains for Bitcoin (BTC) short-term holders (STH) have decreased from 15.4% last week to 13.7%. On-chain analyst Axel Adler Jr. released this analysis on the 1st.
The cause of the reduction lies not in the price but in the increase in acquisition cost. The realized price for STH rose by 1.2% from $72,800 to $73,700 over the week starting September 24. The BTC price remained almost flat during the same period. The current price of $83,700 is approximately 14% above the acquisition cost...
