Axel Adler Jr. Flags a Cost-Basis Test as Bitcoin (BTC) Short-Term Holder Profit Narrows to 13.7%

Bitcoin short-term holder profit narrowed to 13.7% as realized price rose to $73,700, according to on-chain data from Axel Adler Jr. The $86,372 resistance level is rated 80/100, suggesting a strong barrier. This cost-basis test could determine whether BTC breaks higher or faces a correction as holder margins compress.