This Bitcoin Level Could Be To Watch In The Short Term, Glassnode Says

The on-chain analytics firm Glassnode has explained how the Bitcoin investor Cost Basis Distribution could highlight this level as an important one. A Notable Amount Of Bitcoin Has Cost Basis At $106,600 In a new post on X, Glassnode has talked about the Bitcoin Cost Basis Distribution for the levels nearby to the current spot price. The “Cost Basis Distribution” (CBD) here refers to an on-chain indicator that tells us about how much of the asset’s supply was purchased at what price levels. Related Reading: Bitcoin At $103,000 Relatively Cool Per This Indicator, Quant Says Below is the CBD chart shared by the analytics firm that shows the data related to price levels above $101,500 source: https://www.newsbtc.com/bitcoin-news/bitcoin-level-watch-in-the-short-term-glassnode/