According to Golden Finance, according to data released by KiYoungJu, founder and CEO of Crypto Quant, the current holding cost basis for different Bitcoin holding groups is as follows: The holding cost of ETFs and custodial wallets is US$89,000. Binance traders' holdings cost is $59,000. The mining company's holding cost is US$57,000. The early giant whale's holding cost was US$25,000. When the price of Bitcoin falls below the holding costs of mining companies (such as May 2022, March 2020, and November 2018) usually marks the arrival of a bear market.