Bitcoin Approaches $38,900 LTH Cost Basis as 90-Day RPL Ratio Slips Below 1

On Tuesday, CryptoQuant analyst "Darkfost" said Bitcoin is nearing the long-term holder cost basis around $38,900, with LTH profits averaging about 74% and narrowing. Glassnode also noted the 90-day Realized Profit/Loss Ratio dropped below 1, while early Wednesday in Asia BTC briefly rebounded $2,000 to $66,000 amid broader bearish signals.