Bitcoin Drop Wipes Billions From Recent Buyers: New Whale Cost Basis Falls To...
Bitcoin is attempting to reclaim the $70,000 level after weeks of volatility. Yet repeated failures to hold that threshold with confirmation suggest that demand remains fragile. Each push above this psychological barrier has been met with renewed selling pressure. Reinforcing the view that the market is still navigating a corrective phase rather than establishing a sustained recovery. Sentiment remains cautious as liquidity conditions tighten and traders look for clearer signs of stabilization. Related Reading: Ethereum Supply on Exchanges Mirrors 2016 Levels: What Happens Next? Recent....
Related News
On-chain analytics firm Glassnode has revealed a Bitcoin price range that defines the current battleground between recent buyers and profit-takers. Bitcoin Cost Basis Distribution Shows Where Resistance & Support Are Strongest In a new post on X, Glassnode has talked about where support and resistance levels lie for Bitcoin based on the Cost Basis Distribution (CBD). This indicator basically tells us about the total amount of supply that last changed hands at the various price levels that the cryptocurrency has visited in its history. Related Reading: Solana Eyes $210 Before Its Next Major....
The price paid for “whale coins” is revealed as a potential new bear market bottom zone for BTC. Bitcoin (BTC) has a new downside price target as more research highlights the potential role of whales in setting a macro floor.In the latest edition of its weekly newsletter, The Week On-Chain, analytics firm Glassnode provided fresh insight into Bitcoin's "whale cost basis."Aggregate price paid joins whale support linesBTC price action is currently all about sideways movements and some of the lowest volatility ever seen.As analysts prepare for big changes, however, Glassnode is considering....
But more inexperienced investors have been choosing to become long-term Bitcoin holders, limiting sell-side risks below $30,000. Bitcoin (BTC) could undergo one last bear market capitulation if "whales" — addresses that hold more than $1 million worth of Bitcoin — ramp up their selling pressure, according to on-chain analyst Willy Woo.Room for another Bitcoin drop?Woo assessed the average price at which short-term investors entered the Bitcoin market across history and charted the daily change in the value. That resulted in a cost basis, a metric that signals when "inexperienced" traders....
The Bitcoin price continues to dance within the newly formed $80,000 – $85,000 range, showing some level of indecisiveness in its movement. Since the premier cryptocurrency lost its hold above $90,000, investors have wondered whether the ongoing correction is a “buy the dip” opportunity or the market top is in. While there is no surefire way to put these doubts away, on-chain data can provide relevant insights into what is to come. The latest on-chain data suggests the highlighted level below is the one to watch before investors return to the market. Level To Watch Before....
Data from Glassnode shows the Bitcoin long-term holder cost basis is currently above the realized price of the crypto. Bitcoin Long-Term Holder Cost Basis May Have Hints For Bear Market Length As per the latest weekly report from the analytics firm Glassnode, the LTH cost basis has remained below the realized price for a period […]