Glassnode: Bitcoin has fallen below the 0.75 cost basis percentile, signaling a potential bear market
ChainCatcher news, Glassnode posted on X that bitcoin has fallen below the 0.75 cost basis quantile, a level that has historically marked the beginning of bear market territory. Looking across multiple cycles, reclaiming and maintaining above this level has always been key to restoring a bullish pattern. Bulls will be hoping to see the price retake this level.
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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