Analysis: Bitcoin has fallen below the 0.75 supply cost baseline quantile and has failed to recover, with selling pressure on the rise

According to ChainCatcher, market sources indicate that bitcoin has fallen below the 0.75 supply cost-basis quantile and has failed to reclaim this level. The current spot price is now below the cost basis for 75% of the supply, suggesting that selling pressure is increasing.

Risk has risen significantly, and unless the price recovers above this level, the downward trend will remain dominant.