Foresight News 消息，据 glassnode 数据更新，比特币现货价格在 87,800 美元附近波动，关键链上价格模型略有调整。数据显示，短期持有者成本基础为 99,900 美元，活跃投资者均价为 87,700 美元，真实市场均价为 81,100 美元，已实现价格为 56,200 美元。当前比特币价格低于短期持有者成本基础约 12%。

<p>Foresight News 消息，据 glassnode 数据更新，比特币现货价格在 87,800 美元附近波动，关键链上价格模型略有调整。数据显示，短期持有者成本基础为 99,900 美元，活跃投资者均价为 87,700 美元，真实市场均价为 81,100 美元，已实现价格为 56,200 美元。当前比特币价格低于短期持有者成本基础约 12%。</p>

glassnode：当前比特币价格低于短期持有者成本基础约 12%

According to Foresight News , Glassnode data updates show that the spot price of Bitcoin is fluctuating around $87,800, with slight adjustments to the key on-chain price model. Data shows that the short-term holder cost base is $99,900, the average price for active investors is $87,700, the real market average price is $81,100, and the realized price is $56,200. The current Bitcoin price is approximately 12% below the short-term holder cost base.

<p>According to Foresight News , Glassnode data updates show that the spot price of Bitcoin is fluctuating around $87,800, with slight adjustments to the key on-chain price model. Data shows that the short-term holder cost base is $99,900, the average price for active investors is $87,700, the real market average price is $81,100, and the realized price is $56,200. The current Bitcoin price is approximately 12% below the short-term holder cost base.</p>

Glassnode: The current Bitcoin price is approximately 12% below the cost basis for short-term holders.

According to ME News, on December 28th (UTC+8), Coinbob's hot address monitoring showed that the "alt short seller" transferred $2 million to Hyperliquid yesterday and then established a short position in ZEC around $446. The current position size is approximately $1.32 million, with an average price of $479, and the address is still adding to its position as of press time. This address had already liquidated its positions in MON, ZEC, and Trump before Christmas this week, and significantly closed out its short positions in ASTER, UNI, PUMP, and other cryptocurrencies...

The "fake short seller" returned to the short after the holiday to add to short positions, profiting from previously closed short positions in UNI, ZEC, etc. at low points.

Coinbase Institutional says shifting market structure, not hype cycles, will shape crypto trading and adoption in 2026 as activity concentrates in a few key areas.

Coinbase says three areas will dominate the crypto market in 2026

Author | Messari
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: While Bitcoin has repeatedly "hit the wall" and its price has continued to fluctuate between $80,000 and $90,000, market attention is likely still largely focused on Bitcoin itself. However, ZEC, a representative asset in the privacy sector, has once again broken through the $500 mark, currently trading at $518, representing a nearly 40% increase from its recent low. Even more intriguing is...