Analyst: Bitcoin is testing short-term holders' cost basis; compared with the FTX collapse, Bitcoin is more resilient now.

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

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