INSIGHT: Bitcoin has fallen below its short-term holder cost basis of $75,600, with roughly 65% of recently purchased $BTC now underwater, according to Glassnode. Stablecoin…
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🚨 INSIGHT: Bitcoin has fallen below its short-term holder cost basis of $75,600, with roughly 65% of recently purchased $BTC now underwater, according to Glassnode. Stablecoin supply has declined b…
🚨 INSIGHT: Bitcoin has fallen below its short-term holder cost basis of $75,600, with roughly 65% of recently purchased $BTC now underwater, according to Glassnode. Stablecoin supply has declined by $14.2 billion over 30 days, the fastest contraction since June 2022, while US spot Bitcoin ETFs recorded $1.6 billion in net outflows over 20 sessions. Despite weakening demand, wallets holding 100 to 10,000 BTC have begun accumulating. Glassnode identifies $73,000 as a key support level, warning that a sustained break below it could signal a longer consolidation.
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