Bitcoin (BTC) Tests Short-Term Holder Cost Basis After Binance Attack

CryptoQuant analyst Axel Adler Jr. said Bitcoin (BTC) is testing short-term holders’ cost basis while the market response to Binance’s hot-wallet attack remains relatively restrained so far. Adler Jr. said Bitcoin appeared more resilient than it did during the market reaction to FTX’s collapse in November 2022. FTX was a cryptocurrency exchange. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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