Every Zipp story tagged #CostBasis, newest first.
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.
Glassnode
CoinDesk