Analyst: Bitcoin Tests Short-Term Holder Cost Basis, More Resilient Than During FTX Collapse

TechFlow News, Oct. 31, according to CryptoQuant analyst Axel Adler Jr., Bitcoin price is testing the short-term holder (STH) cost basis, with the accompanying chart indicating that level at around $75,900.

He noted that the market reaction to the Binance hack has so far been relatively muted; compared with the market reaction during the FTX collapse, Bitcoin is currently showing greater resilience.

Source: TechFlow