On-chain analytics firm Glassnode has highlighted how Bitcoin has only seen a relatively thin accumulation band form during the recent consolidation range. Bitcoin STH CBD Shows Accumulation Remains Thin In a new Cost Basis Distribution (CBD) of the short-term holders. The CBD here refers to an indicator that tells us about the amount of supply…
View More Bitcoin Foundation For A Mid-Term Breakout Remains Thin, Cost Basis Data Shows
Bitcoin has seen a pullback below the $121,000 mark in the past day. Here’s where the next support level could lie, according to on-chain data. Bitcoin Has Witnessed A Fast Plunge During The Last 24 Hours Bitcoin looked to be entering into an extended all-time high (ATH) exploration mode as it set multiple new records…
View More Bitcoin Plummets To $120,600: This Could Be The Next Support
Bitcoin continues to consolidate between $115,000 and $120,000, with bulls maintaining control despite the lack of a breakout above $123,000. What stands out in this range-bound structure is the clear demand concentration around $117,000. According to Glassnode’s BTC Cost Basis Distribution Heatmap, this level has consistently attracted buying interest, acting as a key area where…
View More Bitcoin Demand Builds at $117K: Cost Basis Distribution Defines Key Support Level
The on-chain analytics firm Glassnode has explained how the Bitcoin investor Cost Basis Distribution could highlight this level as an important one. A Notable Amount Of Bitcoin Has Cost Basis At $106,600 In a new Cost Basis Distribution” (CBD) here refers to an on-chain indicator that tells us about how much of the asset’s supply…
View More This Bitcoin Level Could Be To Watch In The Short Term, Glassnode Says