Glassnode: Bitcoin Forms Important Support in $975-$99,000 Range, Costs Short-Term Holders Around $92,000
Analysis shows that the $975-$99,000 range is forming a significant support level, well above the short-term cost basis for holders (~$92,000). Should the price fall below $975,000, unrealized losses would increase significantly, potentially exacerbating downside risks.
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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