"Bitcoin (BTC), Short-term Investor Average Cost $86,800… About 8% Profit"

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Bitcoin (BTC) short-term investors are still in a profitable state despite the recent decline.

On the 30th, the on-chain crypto asset analysis platform Glassnode analyzed, "Despite the price decline of Bitcoin, the unrealized profit of short-term investors is still recording 7.9%."

Glassnode added, "The average purchase cost (average cost) of short-term investors is located near $86,800, which is likely to be an important (support) area in price momentum."