glassnode: Price remains above short-term holder cost basis, market momentum is strong but approaching risk zone
Foresight News reported, according to glassnode analysis, bitcoin's trading price continues to remain well above the short-term holders' cost basis. The current rally is still below the overheated zone (standard deviation +1), indicating strong market momentum, but it is approaching a short-term risk state.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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