Glassnode: Bitcoin Surpasses Short-Term Holder Cost Basis, Potentially Serving as a Launchpad for Further Increases
Glassnode: Bitcoin Surpasses Short-Term Holder Cost Basis, Potentially Serving as a Launchpad for Further Increases
On-Chain Data Analysis by Glassnode
On-chain data analysis firm Glassnode has pointed out that the current price of Bitcoin has surpassed the realized price for short-term holders (Realized price, i.e., cost basis, which is currently around $92,595). This level serves as a benchmark for market sentiment and investment positioning. If Bitcoin can maintain stability above this price point, it typically indicates a rebound in market confidence and may serve as a springboard for further upward movement.
The People’s Bank of China Significantly Increases Liquidity Injection: Does This Help Propel Bitcoin’s Continued Rise?
According to Bloomberg reports The People's Bank of China announced today that it will …