$81,500 held twice—coins are changing hands
According to Glassnode data, the spot ETF cost basis has been tested twice, and $81,500 has held both times. The May rally fizzled out just below this level.
The ETF holders’ cost basis zone has been repeatedly tested but not broken, suggesting these investors aren’t planning to sell at this level. If $81,500 gives way, the realized market mean at $77,500 is the next level where buyers may step in.
Would you dare place a long order at $82,000, or wait until $78,000 to make a move?
$BTC $ETH $SOL
According to Glassnode data, the spot ETF cost basis has been tested twice, and $81,500 has held both times. The May rally fizzled out just below this level.
The ETF holders’ cost basis zone has been repeatedly tested but not broken, suggesting these investors aren’t planning to sell at this level. If $81,500 gives way, the realized market mean at $77,500 is the next level where buyers may step in.
Would you dare place a long order at $82,000, or wait until $78,000 to make a move?
$BTC $ETH $SOL