At 5:30 a.m. ET (10:30 UTC) Tuesday, Bitcoin (BTC) was $76,945, below the $77,700 estimate for coins last moved one to three months earlier, putting the group at a paper loss.
The price was down 1.26% over 24 hours as of 5:30 a.m. ET (10:30 UTC). The narrower cost estimate had stayed below Bitcoin's price since Aug. 19 and continued to rise as the price fell.
The wider cohort's estimated average cost was $75,832, with its age range extending to 155 days. Bitcoin's price at 5:30 a.m. ET (10:30 UTC) Tuesday was still above that figure. These are separate cohort-level estimates; an individual holder's cost depends on the acquisition history of their coins.
An Oct. 31 reading of entity-adjusted short-term holder supply found 51.3% of the tracked supply at a floating loss. That figure measures a share of supply below its estimated cost, while the $75,832 benchmark is a group average. A paper loss becomes realized only when coins are sold.
