Analysts: Bitcoin Is Testing the Short-Term Holder Cost Basis, More Resilient Than During the FTX Collapse

on October 31, according to CryptoQuant analyst Axel Adler Jr., Bitcoin's price is testing the cost basis of short-term holders (STH), with its chart indicating this level at approximately $75,900.

He noted that the market's reaction to the Binance hack has remained relatively restrained thus far; compared to the market response during the FTX collapse, Bitcoin is currently demonstrating greater resilience.