Analysis: The current holding cost of Bitcoin mining companies is $57,000, and the holding cost of ETFs/custodial wallets is $89,000

Odaily News CryptoQuant CEO Ki Young Ju said in a post on X: “The current Bitcoin cost basis is $95,000:
• ETF/custodial wallets: $89,000 • Binance traders: $59,000 • Miners: $57,000, a break below this level during past downturns (May 2022, March 2020, November 2018) confirmed a bear market;
•Old Whale: $25,000.