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Bitcoin (BTC) speculators have hit a new milestone as their aggregate buy-in price passes $100,000 for the first time.
The latest data from onchain analytics firm Glassnode confirms that as of July 15, the cost basis of Bitcoin short-term holders (STHs) has reached six figures.
Bitcoin short-term holder cost basis now $100,000
Bitcoin’s more speculative investor cohorts are now on average six-figure buyers.
Breaking down the cost basis for various classes of BTC hodler, Glassnode confirms that those entering the market within the last six months on aggregate paid over $100,000 per coin.
STH entities are typically thought to be more sensitive to low-timeframe BTC price action, feeling more pressure to sell based on sudden trends. Their cost basis, known as realized price, can form reliable support during Bitcoin bull markets.
The cost basis passing $100,000 thus reinforces that level’s significance should BTC/USD begin a deeper downturn.