glassnode: Price remains above short-term holder cost basis, market momentum is strong but approaching risk zone
Foresight News reported, according to glassnode analysis, bitcoin's trading price continues to remain well above the short-term holders' cost basis. The current rally is still below the overheated zone (standard deviation +1), indicating strong market momentum, but it is approaching a short-term risk state.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
November was the second worst month for Bitcoin this year, with spot ETF recording a $3.48 billion outflow.
KOL reveals that last night's abnormal price crash of SAHARA was caused by its active market maker being liquidated.
Data: KNTQ token valuation reaches 170 millions USD, protocol TVL has dropped by 60%
Trending news
MoreCrypto prices
More
