According to the latest data from glassnode, Bitcoin has fallen below several key on-chain cost lines on December 1.
First, let's talk about the short term: the Short-Term Trading Cost Basis has fallen below $90,900, and shortly after that, the Active Investors Mean support level of $88,100 also could not be maintained.
Looking down, the next price level worth paying attention to is $81,700 - this is where the True Market Mean is located.
If this breaks, we will need to look for deeper support. The realized market price is $56,400, which serves as a long-term support reference point.
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HappyMinerUncle
· 7h ago
It fell again... Can that line of 81,700 really hold? It doesn't feel like it can.
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NestedFox
· 7h ago
Fell again? It feels like it's breaking down every day. When will it be the bottom?
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NFTDreamer
· 7h ago
The breakdown happened so quickly. If the 81,700 line can't hold, it will really be alarming.
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TokenomicsTherapist
· 7h ago
It fell again, is it really going to touch 8.17 this time? It's a bit uncertain.
BTC has broken through multiple on-chain cost lines, where is the next support?
According to the latest data from glassnode, Bitcoin has fallen below several key on-chain cost lines on December 1.
First, let's talk about the short term: the Short-Term Trading Cost Basis has fallen below $90,900, and shortly after that, the Active Investors Mean support level of $88,100 also could not be maintained.
Looking down, the next price level worth paying attention to is $81,700 - this is where the True Market Mean is located.
If this breaks, we will need to look for deeper support. The realized market price is $56,400, which serves as a long-term support reference point.