More than half of the total supply of Bitcoin that has been invested in by individuals and institutions has a cost basis that exceeds $88,000. This means that the original purchase price or investment value of these Bitcoin holdings is higher than $88,000, indicating that many investors acquired their Bitcoins during periods of price appreciation. As a result, a significant portion of Bitcoin holders finds themselves with an investment whose initial cost surpasses this specific price point, reflecting the volatility and fluctuating nature of the cryptocurrency market.
source: https://www.coindesk.com/markets/2026/01/29/more-than-half-of-bitcoin-s-invested-supply-has-a-cost-basis-above-usd88-000