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Showing posts with the label Bitcoin Faces Risk Of Further Decline If It Drops Below Short-Term Holder Cost Basis: Report

Bitcoin Faces Risk Of Further Decline If It Drops Below Short-Term Holder Cost Basis: Report

Bitcoin must stay above the Short-Term Holder (STH) cost basis of approximately $92,500 to avoid potential declines, as per Glassnode’s report. Falling below this level could trigger panic selling among short-term holders, while maintaining it may foster bullish momentum. The market is nearing a pivotal moment, affected by demand and macroeconomic factors. - source