Analysis: The average cost basis of BTC loss positions is $93,600.

Golden Finance reports that on-chain analyst Murphy says the average cost basis of all currently loss-making Bitcoin lots is below $100k; at present it is only $93,600, meaning that under the current lot structure, when BTC rises back by $93k it will reach the market-wide average break-even line. During two sharp sell-offs at the end of last year and the beginning of this year, a large number of high-priced trapped lots chose to cut losses and exit, dragging down the average cost basis of the overall unrealized loss lots.

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