COINOTAG News, December 1, citing Glassnode data, notes that Bitcoin price has slipped below several key on-chain benchmarks. The Short-Term Holder Cost Basis is reported near $90,900, while the Active Investors Mean sits around $88,100, highlighting near-term pressure on the asset.
The next pivotal threshold appears at $81,700, identified as the True Market Mean, which could shape near-term momentum. The longstanding floor, the Realized Price, sits at $56,400, offering a foundational support level for downside scenarios.
Going forward, traders should monitor the trajectory of these on-chain indicators and on-chain metrics alongside price action, as persistent alignment with these levels may influence risk controls and capital allocation within crypto portfolios.
Source: https://en.coinotag.com/breakingnews/bitcoin-dips-below-major-on-chain-support-levels-realized-price-at-56400-after-falling-past-sth-cost-basis-90900-and-active-investors-mean-88100
