Bitcoin starts 2025 with transfer to a cohort of new short-term holders

Bitcoin (BTC) starts the year with a shift in ownership. Even after 16 years have proven the long-term holding outlook, the new cohorts of buyers face the challenge of a higher cost basis.  Bitcoin is facing a shift in ownership, as long-term holders liquidated some of their holdings. The run-up to $108K caused some of the older holders to realize…   

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