Whale Alert Updates Platform With Historical Average Bitcoin Buy Prices

Whale Alert has expanded its analytics platform with a new feature showing historical average buy prices for short- and long-term cryptocurrency holders. The company said the data is available for nearly 100 assets and is calculated from billions of on-chain transactions. For Bitcoin, the tool allows users to track the estimated average acquisition price of different holder groups over time, giving traders another way to study cost basis and market sentiment. New Data Could Help Track Holder Profitability Average buy price data can help show whether large groups of investors are sitting in profit or at a loss.

Also reported by Coinfomania.

Source: CaptainAltcoin