Cost Basis – After Hours http://after-hours.org/ Sun, 16 Jan 2022 10:31:35 +0000 en-US hourly 1 https://wordpress.org/?v=5.8.3 https://after-hours.org/wp-content/uploads/2021/07/icon-1-150x150.png Cost Basis – After Hours http://after-hours.org/ 32 32 Analyst Report Reveals Price Hike for 3rd Gen AMD EPYC Processor and Delay for Intel Sapphire Rapids Xeon Chips https://after-hours.org/analyst-report-reveals-price-hike-for-3rd-gen-amd-epyc-processor-and-delay-for-intel-sapphire-rapids-xeon-chips/ Sun, 16 Jan 2022 08:59:40 +0000 https://after-hours.org/analyst-report-reveals-price-hike-for-3rd-gen-amd-epyc-processor-and-delay-for-intel-sapphire-rapids-xeon-chips/ Inspur Systems is one of the largest server vendors in the world. A report from Mizuho Securities managing director Jordan Klein recently revealed that Dolly Wu, vice president and general manager of data center/cloud at Inspur Systems, expects AMD to raise the prices of its data center processors. Reports continue to show that Intel’s Sapphire […]]]>

Inspur Systems is one of the largest server vendors in the world. A report from Mizuho Securities managing director Jordan Klein recently revealed that Dolly Wu, vice president and general manager of data center/cloud at Inspur Systems, expects AMD to raise the prices of its data center processors. Reports continue to show that Intel’s Sapphire Rapids Scalable processors will experience release delays until Q3 2022.

AMD plans to increase EPYC data center processor costs, increasing another 10-30%. Due to the current shortage of chips around the world, this comes as no surprise to consumers. When the website Tom’s gear contacted AMD for comment, the company declined for two reasons: AMD and other notable companies never discussed pricing, including changes due to market stability. Second, AMD is coming to its fourth quarter earnings report. They continue to remain silent so as not to disclose any gains or losses to the general public or their competitors.

AMD hints at new Radeon PRO graphics card, launching next Wednesday

Source: Tom’s Material

On the Intel front, the report shows that Intel is to revamp the launch of its next-gen Sapphire Rapids processors for the second time, with an expectation for the third quarter of this year.

The Inspur Systems report shows AMD’s pricing will vary by customer, but customers using large cloud systems will see less of an increase than other markets. Also missing is a notification of when more processors will be available, but AMD customers are waiting and accepting the increased cost.

AMD Milan, the codename for AMD’s EPYC 7003 series of high-performance microprocessors inspired by the Zen 3 microarchitecture for single- and dual-socket server platforms, delivers exceptional performance, especially on a per-watt basis in data centers. With its increased core count, AMD Milan delivers ultimate gig density to enable data centers to receive high levels of performance with lower operating costs.

AMD’s price changes are unsurprising given ongoing shortages seen around the world, primarily when the company relies on lithographic wafers and outsourced semiconductor assembly and testing (OSAT), a third-party service. consisting of the assembly, packaging and testing of integrated circuit semiconductors. . The OSAT services are perhaps the biggest blow to the industry and the most far-reaching effect on AMD. Rising manufacturing costs affect all levels of the supply chain, which reflects AMD’s choice to increase prices for its customers and does not indicate cost increases solely for profit.

AMD EPYC 7V73X processor with 3D V-Cache tested: Milan-X offers impressive cache latency and better boosted clocks compared to standard Milan

The report further reveals that Intel Ice Lake production has increased, showing an estimated 50% increase in supply each year from 2022. Intel is not raising the prices of its processors, which hurts the AMD’s future market share. The report includes the delayed launch of Sapphire Rapids, the company’s 7nm technology chipset, which appeared last year during the second quarter. There is no appearance that the Sapphire Rapids processor launch delays will affect Intel due to the company’s higher BOM pricing, as the materials cost the company more.

Team Blue’s Sapphire Rapids processor is the company’s scalable 7nm chipset architecture using Intel’s EMIB. This solution combines both the substrate and the interposer, linking the two together. The process uses a small section of silicon. It embeds the zone directly into the substrate, providing higher throughput and latency compared to other OSAT services and increasing the cost of the end result. Even though Intel does its own packaging, with the loss of materials at its disposal, the price has increased overall.

Inspur Systems Dolly Wu contradicts Intel CEO Pat Gelsinger’s comments about Sapphire Rapids regarding AMD EPYC. Gelsinger hopes the company will compete head-to-head with AMD EPYC data center processors, but Wu predicts that AMD Milan and its Genoa series will continue to hold the edge over Intel Xeon Scalable processors.

AMD is dependent on silicon supplies, forcing the company to be tighter to grow market share faster. However, Intel also sees challenges with TSMC to continually increase 7nm capabilities and AMD 5nm Genoa chipsets to appear further into 2022. If both companies will be extra aggressive when accessing sockets needed this year.

Source: Tom’s gear

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Why BJ’s wholesale stock fell on Friday https://after-hours.org/why-bjs-wholesale-stock-fell-on-friday/ Fri, 14 Jan 2022 17:09:22 +0000 https://after-hours.org/why-bjs-wholesale-stock-fell-on-friday/ What happened Shares of BJ’s Wholesale Club Holdings (NYSE:BJ) were trading down 6.4% as of 11:31 a.m. ET on Friday. The discount warehouse operator has more than doubled deliveries to investors in recent years, and that’s exactly why a Wall Street analyst thinks it’s time to sell. JP Morgan analyst Christopher Horvers downgraded the stock […]]]>

What happened

Shares of BJ’s Wholesale Club Holdings (NYSE:BJ) were trading down 6.4% as of 11:31 a.m. ET on Friday. The discount warehouse operator has more than doubled deliveries to investors in recent years, and that’s exactly why a Wall Street analyst thinks it’s time to sell.

JP Morgan analyst Christopher Horvers downgraded the stock from overweight to underweight and cut the stock’s near-term price target from $78 to $60, citing the potential for further growth. weaker short term comp sales.

Image source: Getty Images.

So what

The analyst’s bearish stance stems from upcoming year-over-year comparisons to stimulus checks and tax credits that have helped retail sales over the past year. Horvers believes these factors, along with food price inflation, could lead to disappointing same-store sales performance growth in calendar year 2022.

In its third fiscal quarter, which ended in October, BJ’s saw net sales accelerate to 14% year-over-year growth, up from 5.6% in the prior quarter. CEO Bob Eddy said, “Our growth wheel is spinning faster than it has in a long time, and we look forward to continuing to build on this momentum.

However, operating profit fell 10.6% year over year in the last quarter, mainly due to significant increases in employees’ starting hourly wages.

Now what

Management guided positive offset sales into the low single digits for the fiscal fourth quarter, representing a deceleration from the robust third quarter offset sales rate of 13.1%. This would validate Horvers’ case, as the forecast includes the impact of lower stimulus payments.

On the other hand, management also cited “strong momentum and buy-in results”, partially offsetting the decline in stimulus. Like Wholesale Costco, BJ’s derives approximately half of its operating income from membership dues. Chief Financial Officer Laura Felice mentioned on the third quarter earnings call that commission revenue was “ahead” of last quarter expectations due to “larger than expected renewals and level penetration.” higher”.

All in all, the sale could be a buying opportunity. BJ’s trades at a massive discount to Costco on a price-earnings basis. Overall, BJ’s P/E of 20 isn’t expensive for a growing retail business.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a high-end advice service Motley Fool. We are heterogeneous! Challenging an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and wealthier.

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Despite retirement from retail, Starwood buys West Palm Beach mall for $ 130 million – Commercial Observer https://after-hours.org/despite-retirement-from-retail-starwood-buys-west-palm-beach-mall-for-130-million-commercial-observer/ Wed, 12 Jan 2022 21:01:05 +0000 https://after-hours.org/despite-retirement-from-retail-starwood-buys-west-palm-beach-mall-for-130-million-commercial-observer/ Although they have moved away from retail in recent years, Starwood Capital Group bought a West Palm Beach mall for $ 130 million, according to property records. The deal comes just weeks after the Miami Beach-based investor sold a mall in the suburbs of Miami for $ 149.4 million. Over the past two years, in […]]]>

Although they have moved away from retail in recent years, Starwood Capital Group bought a West Palm Beach mall for $ 130 million, according to property records.

The deal comes just weeks after the Miami Beach-based investor sold a mall in the suburbs of Miami for $ 149.4 million. Over the past two years, in light of the pandemic, which has accelerated the continued decline in retail value, Starwood sold 22 of its 30 malls, in July 2021.

“With the continued deterioration caused by COVID, the commitment of much more capital required to successfully reposition many of our assets has become unsustainable at our current cost base.” Marc Deason, CEO of Starwood, said Bloomberg.

Maybe Starwood, run by the billionaire Barry sternlicht, is not completely done with retail.

Unlike the indoor mall near Miami, the West Palm Beach Mall is an open-air neighborhood mall. Anchored by a Whole foods grocery store, the 303,705 square foot complex includes big box stores, such as Nordstrom Support, Bed bath and beyond, TJMaxx and Ulta Beauty.

Whole Foods Mall, located at 1821 Palm Beach Lakes Boulevard, is the closest popular grocery outpost to Palm Beach, an island city with one of the richest zip codes in the country. movie star Sylvester stallone, former president Donald Asset and black stone CEO Stephen schwarzman are all owners of Palm-Beach.

The seller of the shopping center, Clarion Partners, purchased the property for $ 116.7 million in 2015, by file.

Starwood secured a $ 79 million loan from Wells fargo. A representative for Starwood and Clarion did not immediately respond to a request for comment.

Julia Echikson can be reached jechikson@commercialobserver.com.

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Weighing Systems Market According to Covid-19 Impact Outlook to 2028 https://after-hours.org/weighing-systems-market-according-to-covid-19-impact-outlook-to-2028/ Sun, 09 Jan 2022 05:28:35 +0000 https://after-hours.org/weighing-systems-market-according-to-covid-19-impact-outlook-to-2028/ “ Global Market Vision has released powerful statistical data titled Weighing Systems Market. It defines recent innovations, applications and end users in the market. It covers the different aspects, which are responsible for the growth of industries. Different areas are considered on the basis of the capital of the weighing systems market. The analyst looks […]]]>

Global Market Vision has released powerful statistical data titled Weighing Systems Market. It defines recent innovations, applications and end users in the market. It covers the different aspects, which are responsible for the growth of industries. Different areas are considered on the basis of the capital of the weighing systems market. The analyst looks at different companies on the basis of their productivity to review current strategies. All the major players across the globe are presented with different terms such as product types, industry contours, sales and much more.

With the development of recent technologies, it gives a clear idea about new advanced tools, which helps to expand businesses rapidly. Factors such as risks and opportunities are highlighted in the Weighing Systems market. Importance is given to customer requirements at national and global level.

Get Sample Copy of Weighing Systems Market Report @ https://globalmarketvision.com/sample_request/28208

The segmentation chapters allow the readers to understand aspects of the market such as its products, available technology, and applications. These chapters are written to describe their development over the years and the course they are likely to take in the years to come. The research report also provides detailed information on new trends that could define the development of these segments in the coming years.

Top players with full requirements cover in this report:

Balances Fairbanks, Hottinger Baldwin Messtechnik GmbH, Mettler-Toledo International Inc, Sherborne Sensors Ltd, Weightron Bilanciai Ltd, Avery Weigh-Tronix LLC, Flintec Group AB, LCM Systems Ltd, Rice Lake Weighing Systems, Tamtron OY ..

Market segmentation :

Based on type, the market is segmented into

Computer hardware software

Based on the application, the market is separated into

Construction, Manufacturing, Transport and logistics, Waste management and recycling, Ports, Others

This report serves as a useful guide, to grow businesses quickly, and uses several analytical tools, to look at the various factors in the industrial sectors. Key players from different regions, such as North America, Latin America, Japan, China and India are listed in the report. In addition to this, it uses graphical representation such as graphs, tables, diagrams to work out precise facts and data about the Weighing Systems market. A clear picture of the weighing systems market is provided to the target audience. The major drivers and restraints are demonstrated to drive and hinder the overall Weighing Systems market growth globally.

The report provides in-depth analysis of production cost, market segmentation, end-use applications, and industry chain analysis. The report provides the CAGR, value, volume, revenue, and other key factors related to the global Weighing Systems market. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report further shows the import / export consumption, supply and demand figures, costs, prices, revenues and gross margins. All findings and data have been gathered through extensive primary and secondary research and are validated by industry experts and research analysts. The study also contains data regarding the producers and distributors, downstream buyers, and manufacturing cost structure of the global Weighing Systems market.

The major key questions addressed through this innovative research report:

  • What are the major challenges in the global weighing systems market?
  • Who are the major vendors of the Global Weighing Systems Market?
  • What are the major key industries in the global Weighing Systems Market?
  • What factors are responsible for driving the Global Weighing Systems Market?
  • What are the main findings of the SWOT and Porter’s analysis?
  • What are the main key strategies for increasing global opportunities?
  • What are the different effective sales models?
  • What will be the size of the global market during the forecast period?

Strategic Points Covered In The Table Of Contents Of Global Weighing Systems Market:

Chapter 1: Introduction, Product Driving the Market Study Objective and Research Scope of Weighing Systems Market

Chapter 2: Exclusive Summary – Basic Information of the Weighing Systems Market.

chapter 3: Viewing Market Dynamics – Drivers, Trends and Challenges in Weighing Systems

Chapter 4: Porters Five Forces Weighing Systems Market Factor Analysis Overview, Supply / Value Chain, PESTEL Analysis, Market Entropy, Patent / Trademark Analysis.

Chapter 5: Showing Market Size by Type, End User and Region 2015-2020

Chapter 6: To assess the leading manufacturers of the Weighing Systems Market which consists of their competitive landscape, peer group analysis, BCG Matrix, and company profile

Chapter 7: To assess the market by segments, country and manufacturers with revenue and sales share by key countries (2021-2026).

Chapter 8 & 9: Display of appendix, methodology and data source

Finally, the weighing systems market is a valuable source of advice for individuals and businesses in the context of the decision.

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Global Market Vision is made up of an ambitious team of young, experienced people who focus on the details and deliver the information according to the client’s needs. Information is vital in the business world and we specialize in disseminating it. Our experts not only have in-depth expertise, but can also create a comprehensive report to help you grow your own business.

With our reports, you can make important tactical business decisions with the confidence that they are based on accurate and well-founded information. Our experts can allay any concerns or doubts about our accuracy and help you tell the difference between reliable and less reliable reports, reducing the risk of making decisions. We can make your decision-making process more precise and increase the likelihood of your goals succeeding.

Contact us

George Miller | Business development

Phone: + 1-3105055739

E-mail: [email protected]

Global market vision

Website: www.globalmarketvision.com


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Bank of South Carolina Co. (NASDAQ: BKSC) Update on Short-Term Interest Rates https://after-hours.org/bank-of-south-carolina-co-nasdaq-bksc-update-on-short-term-interest-rates/ Wed, 05 Jan 2022 10:31:36 +0000 https://after-hours.org/bank-of-south-carolina-co-nasdaq-bksc-update-on-short-term-interest-rates/ Bank of South Carolina Co. (NASDAQ: BKSC) was the target of a sharp drop in short-term interest rates during the month of December. As of December 15, there was short interest totaling 4,300 shares, a decrease of 65.6% from the total of 12,500 shares as of November 30. Based on an average trading volume of […]]]>

Bank of South Carolina Co. (NASDAQ: BKSC) was the target of a sharp drop in short-term interest rates during the month of December. As of December 15, there was short interest totaling 4,300 shares, a decrease of 65.6% from the total of 12,500 shares as of November 30. Based on an average trading volume of 3,000 shares, the day / coverage ratio is currently 1.4 days. About 0.1% of the company’s shares are sold short.

Several hedge funds have recently bought and sold shares of BKSC. Advisor Group Holdings Inc. acquired a new position in Bank of South Carolina shares during the third quarter valued at approximately $ 92,000. Jaffetilchin Investment Partners LLC increased its stake in Bank of South Carolina by 5.2% in the second quarter. Jaffetilchin Investment Partners LLC now owns 13,920 shares of the bank valued at $ 285,000 after purchasing an additional 692 shares in the last quarter. Geode Capital Management LLC strengthened its position in Bank of South Carolina by 7.2% during the 2nd quarter. Geode Capital Management LLC now owns 14,335 shares of the bank valued at $ 293,000 after purchasing an additional 962 shares during the period. Dimensional Fund Advisors LP increased its holdings of Bank of South Carolina shares by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 27,312 shares of the bank valued at $ 560,000 after purchasing an additional 904 shares in the last quarter. Finally, Morgan Stanley strengthened its position in Bank of South Carolina shares by 36.3% in the first quarter. Morgan Stanley now owns 25,810 shares of the bank valued at $ 583,000 after acquiring an additional 6,874 shares during the period. 8.57% of the shares are currently held by institutional investors and hedge funds.

BKSC stock opened at $ 20.50 on Wednesday. The company has a market cap of $ 113.51 million, a PE ratio of 16.80 and a beta of 0.48. Bank of South Carolina has a one-year low at $ 15.98 and a one-year high at $ 25.65. The company’s 50-day simple moving average is $ 20.29 and its 200-day simple moving average is $ 20.53.

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Bank of South Carolina (NASDAQ: BKSC) last released its results on Thursday, October 14. The bank reported earnings of $ 0.30 per share for the quarter. Bank of South Carolina had a return on equity of 12.80% and a net margin of 31.88%.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 31. Investors of record on Tuesday, December 28 will receive a dividend of $ 0.17 per share. This represents a dividend of $ 0.68 on an annualized basis and a dividend yield of 3.32%. The ex-dividend date for this dividend is Monday, December 27. The Bank of South Carolina’s payout ratio is currently 55.74%.

About the Bank of South Carolina

Bank of South Carolina Corp. is a holding company that provides financial services. It offers banking services to individuals and businesses, including checks, savings, certificates of deposit, health savings accounts, retirement accounts, loans, credit cards, safes and Internet banking services.

See also: Cost base

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in Bank of South Carolina right now?

Before you consider the Bank of South Carolina, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts are quietly asking their clients to buy now before the broader market takes hold of… and Bank of South Carolina was not on the list.

While Bank of South Carolina currently has an “N / A” rating among analysts, top-rated analysts believe these five stocks are better bets.

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Connectivity startup SA Isizwe raises $ 460,000 from the Global Innovation Fund https://after-hours.org/connectivity-startup-sa-isizwe-raises-460000-from-the-global-innovation-fund/ Mon, 03 Jan 2022 09:00:00 +0000 https://after-hours.org/connectivity-startup-sa-isizwe-raises-460000-from-the-global-innovation-fund/ Isizwe, an internet service provider that provides online access to low-income communities in South Africa, has raised $ 460,000 in funding from the Global Innovation Fund (GIF) to reduce the risks of its model and encourage new investments. Launched under the name Project Isizwe in 2013, Isizwe offers unlimited Wi-Fi in townships and informal settlements […]]]>

Isizwe, an internet service provider that provides online access to low-income communities in South Africa, has raised $ 460,000 in funding from the Global Innovation Fund (GIF) to reduce the risks of its model and encourage new investments.

Launched under the name Project Isizwe in 2013, Isizwe offers unlimited Wi-Fi in townships and informal settlements on a pay-as-you-go basis at low cost. Users pay ZAR 5 ($ 0.33) for 24 hours of internet access compared to the South African average cost of ZAR 100 ($ 6.63) per gigabyte.

To provide the service, Isizwe creates Wi-Fi zones with Wi-Fi hardware that connects to Internet Service Providers (ISPs). This allows the startup to provide internet access in low income locations without having to invest in building expensive backhaul infrastructure. The result is Wi-Fi zones within walking distance of each home, with one Wi-Fi zone covering around 100 homes.

Since adopting this approach in 2020, Isizwe has set up 80 Wi-Fi zones, including zones for an education group working to facilitate distance learning during the COVID-19 pandemic, and plans the deployment of more than 25,000 Wi-Fi zones in South Africa by 2022.

Public provision of WiFi as a viable and scalable business model serving customers at the bottom of the pyramid remains to be proven, but the UK-based venture capital firm’s US $ 460,000 investment GIF at this early stage, this will help reduce the risks of the Isizwe model and potentially catalyze commercial capital in subsequent investment rounds to allow the company to test the basic assumptions regarding operational, social and financial viability. .

The investment is being made through ADVANCE, GIF’s partnership with Anglo American that aims to unlock the private sector investments needed to scale up new business models for the United Nations Sustainable Development Goals.

“This is a great investment for Isizwe and it shows us that the world really cares about connectivity in Africa. Over 90 percent of households in Africa have only mobile data to connect to the internet – it’s done on a per-gigabyte billing basis, so it’s incredibly expensive to get connected. The cost is similar to the cost of a bath in bottled water. Governments in developed countries understand the dangers of a digital divide and are making significant investments to connect their rural communities. Connectivity is the new key to unlocking the poverty trap, so it’s great to see GIF and Anglo American apply it to Africa, ”said Tim Genders, CEO of Isizwe.

“We have seen the benefits of last mile connectivity in India, Latin America and parts of Africa, and we aim to show that our investment can provide sustainable internet access to those who live in rural areas and suburban South Africa, while generating both large-scale social benefits for users and attractive financial returns for investors, ”said Khuram Hussain, GIF’s chief investment officer.


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The price of Bitcoin cancels out the gains on New Year’s Eve; the hodlers keep stacking sats https://after-hours.org/the-price-of-bitcoin-cancels-out-the-gains-on-new-years-eve-the-hodlers-keep-stacking-sats/ Fri, 31 Dec 2021 21:36:04 +0000 https://after-hours.org/the-price-of-bitcoin-cancels-out-the-gains-on-new-years-eve-the-hodlers-keep-stacking-sats/ Bitcoin (BTC) and the broader cryptocurrency market fell later today on December 31, erasing intraday gains to cap a highly successful year on a lower note. Market update The price of BTC fell below $ 46,000 on December 31 and was last seen below that level, according to data from Cointelegraph Markets Pro and TradingView. […]]]>

Bitcoin (BTC) and the broader cryptocurrency market fell later today on December 31, erasing intraday gains to cap a highly successful year on a lower note.

Market update

The price of BTC fell below $ 46,000 on December 31 and was last seen below that level, according to data from Cointelegraph Markets Pro and TradingView. The flagship cryptocurrency is down more than 5% from its intraday peak and 2.9% on the day to trade at $ 45,933.

The price of Bitcoin is on the defensive again as the year draws to a close. Source: Cointelegraph Markets Pro

Altcoins have seen a similar downward trajectory to Bitcoin, with commodities like Ether (ETH), Binance Coin (BNB), and Solana’s SOL each falling more than 2%. Cardano’s ADA fell more than 4% on the day.

The combined market cap of all cryptocurrencies has lost more than $ 100 billion from its intraday peak, rising from a high of $ 2.4 trillion to $ 2.27 trillion, according to CoinGecko.

The crypto market cap is down more than $ 100 billion from its intraday peak. Source: CoinGecko

The sudden reversal followed a modest rally of relief for BTC and other cryptocurrencies that took place early on December 31. As Cointelegraph reported, the price of Bitcoin appreciated by over $ 1,500 in less than an hour – a rally that may have been helped by a December option. expiration event valued at approximately $ 6 billion.

Related: Price Analysis 12/31: BTC, ETH, BNB, SOL, ADA, XRP, LUNA, AVAX, DOT, DOGE

Crypto OG keep piling up

Bitcoin is bracing for a year-to-date return of less than 60%, which is well below what many, if not most, tipsters were clamoring for in early 2021. Although BTC has never been close to To reach high six-digit valuations, the leading cryptocurrency continues to attract investors with low time preference. (Investors with a low time preference place more emphasis on their financial well-being in the distant future than in the present.)

The recent correction in BTC prices was largely driven by the so-called crypto tourists who entered the market in the summer. As Cointelegraph recently reported, veteran holders were still selling record amounts of BTC at the end of December. Meanwhile, buying activity on Coinbase appears to have increased significantly towards the end of the year.

Earlier this week, UTXO Management analyst Dylan LeClair said that “real OGs hold up,” in reference to long-term Bitcoin holders with a much lower base cost than those currently selling. The average base cost of the chain for long-term BTC holders is $ 17,825, compared to $ 33,890 for those who are currently spending their coins.

Related: Top 5 Bitcoin Bullish Stories of 2021

In addition to the long-term retail-oriented hodler class, the crypto market saw an influx of sophisticated institutional investors in 2021. Net proceeds from crypto funds topped $ 9.3 billion in 2021, with Bitcoin accounting for more than two-thirds of that total, according to data from CoinShares. These funds recorded 16 consecutive weeks of influx until December 13.