Deep Tide TechFlow News, March 29 — On the X platform, on-chain data platform Glassnode stated that the current Bitcoin price is at the lower end of the capital cost zone for new entrants ($60,000–$70,000). Data shows that there has been some degree of chip accumulation within this range, but the overall scale remains below the typical levels that have historically driven strong rebounds, and the chip density is relatively weak. Glassnode pointed out that the current accumulation structure has a constructive shape, but in terms of strength, it is still insufficient and has not yet formed a clear upward momentum signal.

BTC0,3%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.