[Bitcoin is testing the cost base for short-term holders; market resilience is stronger than during the FTX crash] CryptoQuant analyst Axel Adler Jr. points out that Bitcoin's price is testing the cost base for short-term holders (STH), a level around $75,900. The market's reaction to the Binance hack was relatively restrained, and Bitcoin is currently showing greater resilience compared to the FTX crash.