Glassnode: BTC is at the lower bound of the new inbound capital cost range, and the strength of coin accumulation is still insufficient
Gate News reported that on March 29, the on-chain data platform Glassnode posted on X platform, indicating that the current Bitcoin price is at the lower edge of the cost basis range for new investors ($60,000 to $70,000). Data shows that there has been a certain degree of accumulation within this range, but the overall scale is still below the typical levels that historically drive strong rebounds, with relatively weak chip density. Glassnode stated that the current accumulation structure has constructive significance in terms of its shape, but it still lacks intensity and has not formed a clear upward momentum signal.
BTC1,1%
GateNews·25m ago