Bitcoin speculators have hit a new milestone as their aggregate buy-in price passes $100,000 for the first time . The latest data from onchain analytics firm Glassnode confirms that as of July 15, the cost basis of Bitcoin short-term holders (STHs) has reached six figures .
Bitcoin short-term holder cost basis now $100,000 . Bitcoin's more speculative investor cohorts are now on average six-figure buyers . Breaking down the cost basis for various classes of BTC hodler, Glassnode confirms that those entering the market within the last six months on aggregate paid over $100,000 per coin .
STH entities are typically thought to be more sensitive to low-timeframe BTC price action, feeling more pressure to sell based on sudden trends . Their cost basis, known as realized price, can form reliable support during Bitcoin bull markets . The cost basis passing $100,000 thus reinforces that level's significance should BTC/USD begin a deeper downturn .
Meanwhile, neither STHs nor their more entrenched counterparts, long-term holders (LTHs), have wasted time taking profits around all-time highs . Glassnode confirms that in the 24 hours to 4 am Eastern Time Tuesday, STH and LTH combined profit-taking was around $3.5 billion .
Prior to the profit-taking event, Glassnode warned that the extent of recent gains may prove too tempting for hodlers, no matter how long their presence in the market .
According to CoinMarketCap, the live Bitcoin price today is $116,854 USD with a 24-hour trading volume of $147,451,539,708 USD . Bitcoin is down 4.59% in the last 24 hours . The current CoinMarketCap ranking is #1, with a live market cap of $2,324,527,671,742 USD .
Investors should watch major support levels on bitcoin's chart around $107,000 and $100,000 .