Data: Bitcoin is at a key support level; falling below the 365-day moving average may trigger a deep correction

ChainCatcher reported that Glassnode stated Bitcoin is currently positioned between key support levels, with its price below the 200-day moving average (100.74 millions USD) but slightly above the 365-day moving average (99.9 millions USD). Analysts pointed out that holding the 365-day moving average is crucial for maintaining market stability, and a break below this level could trigger a deeper correction.