Analyst: ETH Whales' Average Cost Basis Concentrated Between $1,900 and $2,400

Odaily Planet Daily News Murphy stated on the X platform that a statistical analysis of entities holding more than 100 ETH reveals that the average cost basis for cohorts holding 100–1,000 ETH, 1,000–10,000 ETH, 10,000–100,000 ETH, and over 100,000 ETH is approximately $1,900, $2,000, $2,100, and $2,400, respectively. This indicates that the average holding cost for high-net-worth individuals and whale entities is mainly concentrated in the $1,900–$2,400 range.

Murphy noted that when the ETH price falls below the average holding cost of high-net-worth individuals and whale entities, one could begin dollar-cost averaging, and stop once the price returns to the cost band. Combined with the LTH-NUPL indicator, this strategy has achieved a win rate of nearly 99.99% over the past 10 years.