BITCOIN STUCK BELOW KEY HOLDER COST FOR FIVE MONTHS 🔥
Glassnode data confirms BTC has remained under the critical investor cost basis since February, marking the longest stretch below that level in over a year. Long-term holder selling pressure has peaked, which historically signals the heaviest distribution phase is behind us.
The spot ETF flow continues to show net outflows, while derivatives pricing hints at cautious optimism — yet the options skew still leans toward downside hedging. Bottoming processes are rarely clean, but the structure here suggests accumulation is underway even if the final sweep hasn't printed.
Are you scaling into this range or waiting for a confirmed breakout of the cost basis zone?
Not financial advice. Always manage your risk.
#BTC #DeepValue #BottomingProcess #CryptoAnalysis 🔥