Glassnode: BTC has risen to a short-term holder cost basis of about $92,700, but it is still hovering around break-even
Odaily Planet Daily reports that according to Glassnode analysis, the BTC price briefly rose to the short-term holder cost basis (about 92.7 thousand US dollars), but now the trading price is slightly lower than this price level, with STH MVRV at 0.99. This means that short-term holders are still in a vulnerable position, hovering near break-even point.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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