Analyst: Bitcoin Is Testing Short-Term Holders' Cost Basis; More Resilient Now Than During the FTX Collapse

October 31: CryptoQuant analyst Axel Adler Jr. points out that Bitcoin's price is currently testing the cost basis of short-term holders (STH). In his view, the market's reaction to the Binance hack incident has so far been fairly restrained. Compared with the reaction during the FTX collapse, Bitcoin appears more resilient.