Bitcoin (BTC) holders who acquired coins within six months saw their estimated profit cushion narrow to 5.9% after a roughly $1,000 weekly price decline, reducing the gap above their collective cost basis.
The estimated average cost for the recent-holder group climbed to about $76,000, up roughly $1,100 over the week. Its cushion had been 8.7% a week earlier.
The Oct. 16 estimate placed the group’s average cost at about $74,900. At that reading, Bitcoin traded roughly 10% above the benchmark.
Bitcoin’s price was 5.9% above the group’s estimated average cost. The percentage does not measure the cohort’s total dollar gains or indicate how many individual holders are profitable.
For coins held more than six months, the estimated average cost was about $48,600 and had changed little. The recent-holder group’s average cost was about 1.56 times the longer-term group’s, compared with 1.54 previously. The increase in the recent-holder cost estimate accounted for most of that change.
The $76,000 estimate summarizes a group rather than any single holder, whose outcome depends on the price paid for each coin. Only a Bitcoin price beneath the cohort’s estimated cost basis would place the group average in loss territory.
