Bitcoin Faces a Major Roadblock as Glassnode Flags Critical Price Level

TL;DR: The average cost basis for Bitcoin holders of six to twelve months sits at $88,000, while the one-to-two-year cohort averages $100,000. U.S. spot Bitcoin exchange-traded funds (ETFs) recorded cumulative net outflows of $760 million starting October 7. Realized losses by long-term holders dropped 85% from their peak recorded on August 12. Between $88,000 and ... Read more

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