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Recent Bitcoin buyers show unyielding optimism, pushing cost basis upward despite price surges Recent Bitcoin buyers show unyielding optimism, pushing cost basis upward despite price surges

Recent Bitcoin buyers show unyielding optimism, pushing cost basis upward despite price surges

Data via Glassnode

The 2024 cohort's average cost basis has yielded a 20% profit margin this year, indicating an appetite for buying BTC at higher prices.