Bitget App
Trade smarter
glassnode: BTC Price Exceeds STH Cost Basis by $106,000, Consistent with Mid-Bull Market Behavior Patterns
View original
According to Foresight News, glassnode data shows that BTC is currently trading at a price still above the short-term holder cost basis of $106,000, a level historically regarded as the dividing line between bull and bear markets. This structure is consistent with mid-bull market behavioral patterns, although the recent pullback has added uncertainty to the short-term market.
0
0
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.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$118,555.23
+1.56%
Ethereum
ETH
$4,232.28
+0.04%
XRP
XRP
$3.19
-2.95%
Tether USDt
USDT
$1
-0.02%
BNB
BNB
$802.36
-0.23%
Solana
SOL
$181.94
+0.36%
USDC
USDC
$0.9999
-0.02%
Dogecoin
DOGE
$0.2337
-4.75%
TRON
TRX
$0.3403
+1.29%
Cardano
ADA
$0.8024
-1.97%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now