4M Bitcoin Bought Above $85K Could Cap Recovery: Glassnode
Glassnode data cited in the headline suggests roughly 4 million bitcoin were acquired above $85,000, which could act as a ceiling on any recovery. The excerpt notes Bitcoin was trading near the average cost basis of U.S. spot ETF holders, a day after the Federal Reserve kept rates unchanged. Since the story was published, the coin's price has moved down 2.60%, from $81,500.20.
Source: Decrypt · Written by Blockdeck from public reports and live market datamarket_reactionBTC/USD around the story−4.36% since the news
Price at the news$81,500.20
First hour after−0.75%
Since the news−4.36%
Volume that hour2.1× normal
Headline and excerpt credited to Decrypt. Prices on this page are live, not from the time of the story. Not financial advice.