Every Zipp story tagged #CostBasis, newest first.
The signal is constructive because both reference levels remain below price, a condition historically associated with sustained uptrends.
The overlap gives traders a tighter map of the range, focusing attention on where supply and leveraged positioning intersect.
Strategy returned to buying at an average $80,318, directly inside the resistance zone, as ETF flows cooled and options traders paid for downside protection into the Sept 11 expiry.
Four of the five listed corporate holders have average ETH acquisition prices above the current price near $2,500, making the recovery uneven across the group.
Nearly every other public-company Bitcoin holder is now at or below cost basis after the latest drawdown, leaving only the lowest-basis accumulators sitting on paper gains.
The breadth of the unrealized hit puts public-company Bitcoin exposure under mark-to-market pressure across the cohort.
Leverage is moving ahead of buyer demand, turning a quiet range into a fragile setup rather than evidence of a confirmed recovery.
Spot at $64.9K sits under the STH cost basis, true market mean, and active investor mean, with realized price the only line still anchoring the cycle low.
Behind the sideways tape sits one of BTC's largest cost-basis clusters: roughly 6% of circulating supply last moved between $58K and $64K, building a support band the next breakout will have to clear…
Spot is sitting under the True Market Mean, the STH cost basis, and the active-investor average — a configuration that historically marks deep-discount zones, not the cycle's end.
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