According to @glassnode, Bitcoin's URPD shows a filling liquidity gap when comparing February 23 to today. Although URPD lacks behavioral context, Coin Days Destroyed (CBD) provides insights into investor behavior, revealing which investors lowered their cost basis, capitulated, and where new demand has emerged.

According to Miles Deutscher, Bitcoin's short-term holder cost basis is approximately $92,000. Traders should note that capitulation often occurs below this level as holders liquidate their underwater positions. This makes $92,000 a critical level to monitor for potential market shifts.

According to glassnode, recent data indicates Bitcoin distribution activity at the $96-98K levels, primarily involving coins accumulated over the past week and in early February. This activity suggests that investors who purchased Bitcoin in September and October are engaging in trading to adjust their cost basis, either by raising it or accumulating further into it.

According to @glassnode, analysis of Bitcoin's cost basis distribution over the past 6 months highlights significant accumulation and redistribution trends. Investors adjusted their cost basis in response to market volatility, providing insights into market positioning during the recent sell-off.

According to glassnode, during past post-all-time-high corrections, specifically in May 2021, November 2021, April 2024, and February 2024, Bitcoin's price has historically moved towards -1 standard deviation below the Short-Term Holder cost basis. This metric is currently near $71K-$72K, suggesting a potential downside risk if past trends continue.

According to glassnode, investors are choosing to average down by accumulating Ethereum (ETH) at lower prices, rather than exiting their positions entirely. This trend is mirrored in Maker (MKR), where a declining cost basis suggests long-term conviction among traders. Such behavior indicates a strategic approach by investors to strengthen their positions in the market, betting on future price recoveries.

According to Ki Young Ju, MicroStrategy's Bitcoin cost basis is reported to be $65,033. This information is crucial for traders as it indicates the average price at which MicroStrategy has acquired its Bitcoin holdings. Understanding this cost basis helps in assessing the company's potential profit or loss from its Bitcoin investments and can influence market sentiment and trading strategies.

According to Ki Young Ju, Bitcoin's current cost basis is approximately $95,000, with ETFs and custody wallets holding at $89,000, Binance traders at $59,000, and mining companies at $57,000. Historically, falling below the mining companies' cost basis, as occurred in May 2022, March 2020, and November 2018, has confirmed bear markets. The old whales' cost basis remains a significant support at $25,000, which has never been breached historically.

According to Ai 姨 on Twitter, a SOL whale has significantly reduced its holdings by depositing 111,600 SOL, valued at $22.01 million, into exchanges over the past three days. These SOL tokens were originally acquired in May 2024 at an average cost of $182 per token. If sold, the whale would realize a profit of $1.668 million. The deposit and acquisition addresses are provided for further verification.

According to Ai 姨 (@ai_9684xtpa), a significant $SWARMS whale sold 4.968 million tokens at $0.3002 on January 6, 2025, at 02:00 AM, and then repurchased 1.845 million tokens at an average price of $0.4102 within the next 45 minutes, increasing their cost basis by 35.8%.