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Bitcoin Faces Risk Of Further Decline If It Drops Below Short-Term Holder Cost Basis: Report - Invest In Crypto News

Summary by investincryptonews.com
According to Glassnode’s latest The Week On-Chain report, Bitcoin (BTC) must remain above the Short-Term Holder (STH) cost basis to avoid potential downside risks. Historically, this price level has served as a crucial pivot point between local bull and bear market phases, making it a key area to watch. Bitcoin Must Avoid Sliding Below STH Cost Basis Since the beginning of February, BTC has been trading within a narrow range between $93,000 and …
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Bitcoin Faces Risk Of Further Decline If It Drops Below Short-Term Holder Cost Basis: Report - Invest In Crypto News

According to Glassnode’s latest The Week On-Chain report, Bitcoin (BTC) must remain above the Short-Term Holder (STH) cost basis to avoid potential downside risks. Historically, this price level has served as a crucial pivot point between local bull and bear market phases, making it a key area to watch. Bitcoin Must Avoid Sliding Below STH Cost Basis Since the beginning of February, BTC has been trading within a narrow range between $93,000 and …

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investincryptonews.com broke the news in on Friday, February 21, 2025.
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