🚨 INSIGHT: Bitcoin has fallen below its short-term holder cost basis of $75,600, with roughly 65% of recently purchased $BTC now underwater, according to Glassnode
Stablecoin supply has declined by $14.2 billion over 30 days, the fastest contraction since June 2022, while US spot Bitcoin ETFs recorded $1.6 billion in net outflows over 20 sessions.Despite weakening demand, wallets holding 100 to 10,000 BTC have begun accumulating.
Glassnode identifies $73,000 as a key support level, warning that a sustained break below it could signal a longer consolidation
#HotCPIDecemberHikePriced #AnthropicRejectsIPODelayValuationinQuestion #CoreWeaveJumps10%On168%RevenueGrowth #CanNvidiaEarningsEaseMarketConcerns? #BarclaysRaisesBlackRockBitcoinETFStake48%
Stablecoin supply has declined by $14.2 billion over 30 days, the fastest contraction since June 2022, while US spot Bitcoin ETFs recorded $1.6 billion in net outflows over 20 sessions.Despite weakening demand, wallets holding 100 to 10,000 BTC have begun accumulating.
Glassnode identifies $73,000 as a key support level, warning that a sustained break below it could signal a longer consolidation
#HotCPIDecemberHikePriced #AnthropicRejectsIPODelayValuationinQuestion #CoreWeaveJumps10%On168%RevenueGrowth #CanNvidiaEarningsEaseMarketConcerns? #BarclaysRaisesBlackRockBitcoinETFStake48%
