Bitcoin is trading near $83,700, leaving short-term holders with a 13.7% unrealized profit margin above their $73,700 average cost basis and long-term holders with a 72% unrealized profit cushion, according to crypto analyst Axel Adler. Long-term holders’ average cost basis is $48,800 and declined 0.3% over the past week, one of the faster weekly drops this year as higher-cost coins moved into the short-term-holder cohort. Short-term holders’ cost basis rose 1.2% from $72,800 on Sept. 24 to $73,700, while their unrealized profit narrowed from 15.4% a week earlier. Adler said stabilization in changes to the long-term-holder cost basis could indicate that the metric is reaching equilibrium. The figures update an earlier Glassnode snapshot that placed Bitcoin above $73.3K and the three-to-six-month holder cost basis at $73.19K.