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SYSTEM PROCESSING...
Posted: 2025-06-20 16:45:27 UTC
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-06-20 16:45:42 UTC
Verified By
Rollup News
This update discusses the Bitcoin CBD Heatmap, highlighting a dense supply cluster between $95.5k and $97k, just below the short-term holder cost basis at $98k. Holding above this level favors bullish continuation, while breaking below could lead to a bearish phase. Cost Basis Distribution is now a standalone metric in Glassnode Studio, supporting various L1s and other cryptocurrencies.
Identifies a key supply cluster for Bitcoin between $95.5k and $97k.
Highlights the importance of holding above $98k for bullish continuation.
Warns of a potential bearish phase if the price breaks below the identified cluster.
Introduces Cost Basis Distribution as a standalone metric in Glassnode Studio.
Potential break below the $95.5k-$97k support level.
Risk of entering a bearish phase if the support is broken.