[Analyst: Bitcoin Closes Above Active Supply Cost Price of $70,400] CryptoQuant analyst Darkfost stated that Bitcoin is attempting to close above the cost price of its active supply today. Active supply refers to all Bitcoin that has been traded at least once in the past seven years. By excluding inactive Bitcoin, the resulting actual price is approximately $70,400. Given the current market conditions, this is a more reasonable cost price. The last time Bitcoin successfully closed above this level was in early April, but it fell below this level in early June, with sellers regaining control of the market.