Glassnode: Bitcoin is at the lower edge of the cost zone for new investors, but the strength of capital accumulation is still insufficient
PANews reported on March 29 that, according to an X post from on-chain data platform Glassnode, the current Bitcoin price is at the lower boundary of the capital cost range ($60,000–$70,000) for new investors entering the market. Data shows that while there has been some accumulation of holdings within this range, the overall scale remains below the typical level historically needed to drive a strong rebound, and the concentration of holdings is relatively weak.
Glassnode noted that while the current accumulation structure is constructive in form, its strength is still insufficient and the market has yet to show a clear signal of upward momentum.
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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