Short-term Bitcoin holders have seen unrealized gains of 9.5%, with new funds gradually returning, accounting for 11.2%

Cryptocurrency analyst Axel Adler Jr. stated that as of October 21, the proportion of new investors' funds in the Bitcoin network has risen from a year-to-date low of 6.6% on July 5 to 11.2%, indicating that new funds are gradually returning, but the inflow remains below the levels of over 20% seen in 2024 and 2025.

Currently, the price of Bitcoin is approximately $82,300, with the average holding cost for short-term holders at $75,100, resulting in an overall unrealized profit of about 9.5%. This group has been in a profitable state for 63 consecutive days since August 20, with the unrealized profit ratio reaching 16% on October 5. If the proportion of new investors' funds exceeds 11.5%, it will indicate a further increase in buyer demand; if it falls back below 10%, it suggests that the inflow of new funds may stagnate. If Bitcoin drops below $75,100, the overall short-term holders will turn to a loss, and related selling pressure may increase accordingly.