Bitcoin Short-Term Holders' Profit Cushion Narrows to 5.9%

Bitcoin (BTC) held for less than six months has an average cost of about $76,000, leaving a 5.9% unrealized-profit cushion after a roughly $1,000 weekly price decline. The cushion stood at 8.7% a week earlier. Over the same period, the group's average cost rose about $1,100. The cushion measures how far BTC's price sits above the group's average cost in percentage terms; it does not measure the group's total dollar gains. BTC held longer than six months had an average cost of about $48,600, which remained largely unchanged. The shorter-term group's average was about 1.56 times that figure, up from a ratio of 1.54. The rise in recent holders' average cost drove most of that change. An Oct.

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