PANews reported on January 22nd that, according to Glassnode analysis, Bitcoin has fallen below the 0.75 supply cost-basis quantile and failed to regain that levelPANews reported on January 22nd that, according to Glassnode analysis, Bitcoin has fallen below the 0.75 supply cost-basis quantile and failed to regain that level
Analysis: Bitcoin has fallen below the 0.75 percentile of the supply cost baseline and failed to recover, indicating increasing selling pressure.
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PANews reported on January 22nd that, according to Glassnode analysis, Bitcoin has fallen below the 0.75 supply cost-basis quantile and failed to regain that level. The current spot price is below the cost benchmark of 75% of supply, indicating increasing selling pressure. The risk has significantly increased, and unless the price recovers above this level, a downward trend will dominate.
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