Glassnode: BTC has risen to a short-term holder cost basis of about $92,700, but it is still hovering around break-even
Odaily Planet Daily reports that according to Glassnode analysis, the BTC price briefly rose to the short-term holder cost basis (about 92.7 thousand US dollars), but now the trading price is slightly lower than this price level, with STH MVRV at 0.99. This means that short-term holders are still in a vulnerable position, hovering near break-even point.
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.
You may also like
Domestic sales "underperform," PepsiCo (PEP.US) launches mass layoffs of thousands in North America
PepsiCo North America has cut about 1,000 jobs to streamline operations, as beverage sales in the third quarter fell by 2% year-on-year and the full-year profit outlook has been revised downward.
WLFI: Token buyback will be carried out on Aster through a public wallet
Layer 33 calls for a pause on removing validators under the new Solana Foundation regulations
HIVE’s Bitcoin output jumps 49%, but mining revenue still falls
Crypto prices
More
