Bitcoin Long-Term Holders Keep 72% Unrealized-Profit Buffer

Bitcoin (BTC) long-term holders continue to maintain a 72% unrealized-profit buffer, with their average cost basis at $48,600 and the market price about 72% above that level. The group has remained profitable since January 2023. Its most recent move toward the break-even level came in March 2023, leaving long-term holders with a sustained cushion despite recent declines in their average cost basis. The measure reached a peak of $49,500 on July 30 and has since dropped 1.7%.