At Friday’s price reading, about 1.48 million Bitcoin (BTC) held by short-term holders sat in cost bands above the market, leaving most tracked supply below estimated cost.
At the 10:07 p.m. ET Friday, Nov. 13, snapshot (03:07 UTC Saturday, Nov. 14), BTC traded at $67,632, down 3.65% over the prior 24 hours. The $73,000-$86,000 range contained roughly 1.48 million BTC, representing 68% of short-term-holder supply. At that point, the range’s aggregate position was below its estimated cost.
The higher-cost bands at $75,000, $80,000 and $85,000 contracted by 7,282 BTC, 8,481 BTC and 5,441 BTC, respectively. Across all price ranges, tracked short-term-holder supply grew by 17,500 BTC Friday.
The $68,000 cost band gained 42,200 BTC. About 480,000 BTC remained in the only sizable profitable short-term-holder range, $62,000-$64,000; that band shed roughly 3,100 BTC Friday, less than 1% of its balance.
These grouped estimates do not show the exact purchase price paid by each holder. EconoTimes previously put the short-term-holder average cost at $76,000.
