Axel Adler Jr.: Bitcoin falls below short-term holder costs, increasing risk of selling and closing positions

CryptoQuant analyst Axel Adler Jr. stated that the trading price of Bitcoin is below the short-term holder cost base. As of August 8th, the trading price of Bitcoin was $64952, and the actual price for short-term holders was $67523. The spot price was 3.8% lower than the actual price, with a difference of $2571. In the past 284 days, Bitcoin has closed at a price lower than the actual price of short-term holders 279 times, and short-term holders will start selling Bitcoin to close positions at the break even point.