glassnode: BTC Price Exceeds STH Cost Basis by $106,000, Consistent with Mid-Bull Market Behavior Patterns
According to Foresight News, glassnode data shows that BTC is currently trading at a price still above the short-term holder cost basis of $106,000, a level historically regarded as the dividing line between bull and bear markets. This structure is consistent with mid-bull market behavioral patterns, although the recent pullback has added uncertainty to the short-term market.
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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