2026-02-01 02:43:38

Institutional Costs:

(1) MicroStrategy: The current BTC price has fallen near MicroStrategy's cost basis: they hold 712,600 BTC with an average cost of $76,037. Unrealized gains are almost fully wiped out.

(2) Tom Lee's Bitmine: Holds 4.243 million ETH with an average cost of $3,849. Unrealized loss of $5.92 billion.

(3) Yi Lihua's Trend Research: Holds 651,500 ETH with an approximate average cost of $3,180. Currently, an unrealized loss of $475 million. Due to leveraged borrowing, these ETH positions have liquidation prices around $1,880.

(4) US ETF investors: Overall average cost price is around 70,000.

(5) Miner shutdown price: When falling below 70,000, a significant portion of mining machines will shut down.

BTC-5,26%

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