Bitcoin Reclaims STH Cost Basis Level – A Springboard For The Next Move?
Bitcoin is trading above the $90,000 mark again, signaling renewed strength as bulls gain momentum despite persistent global uncertainty. The broader market remains on edge amid rising tensions between the US and China, coupled with lingering concerns over inflation and economic slowdown. However, optimism around Bitcoin continues to grow, with several analysts suggesting the possibility […]
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A cryptocurrency analyst has revealed where the most significant Dogecoin support level is located, according to on-chain cost basis data. Dogecoin CBD Points To $0.08 As Strongest Support In a new post on X, analyst Ali Martinez has talked about how Dogecoin support is looking from the perspective of the Cost Basis Distribution (CBD). The CBD is an indicator created by on-chain analytics firm Glassnode that tells us about the amount of DOGE supply that was last purchased or transacted at the various price levels that the coin has visited in its history. Generally, investors are sensitive....
On-chain data suggests an Ethereum close under the $1,530 level could lead to a significant drawdown for the cryptocurrency. Ethereum Support Levels Below $1,530 Are Very Thin Currently In a new post on X, analyst Ali has discussed what the support and resistance levels of Ethereum are looking like right now. These support and resistance levels aren’t the technical ones, however, but rather ones based on on-chain analysis. The support and resistance levels here are defined based on the density of investors’ cost bases. The “cost basis” here refers to the average....
Data from Glassnode shows the Bitcoin long-term holder cost basis is currently above the realized price of the crypto. Bitcoin Long-Term Holder Cost Basis May Have Hints For Bear Market Length As per the latest weekly report from the analytics firm Glassnode, the LTH cost basis has remained below the realized price for a period […]
On-chain data shows Ethereum has broken under all major investor cost basis levels, except for one. Here’s where this price level is currently situated. Ethereum Has Only Realized Price Of Mega Whales To Rely On Now In a CryptoQuant Quicktake post, analyst MAC_D has discussed about where the next major support level could lie for Ethereum. The line in question is a version of the Realized Price. The “Realized Price” is an on-chain indicator that, in short, keeps track of the average cost basis of investors belonging to a given ETH cohort. When this metric is under the....
Bitcoin’s price action in the past 48 hours has seen it approaching the $80,000 price level again, with risks of breaking to the downside. Looking at on-chain data shows a notable support level between $80,920 and $78,000 that must not be broken. Related Reading: Pi Coin Sinks 47% In 14 Days—What’s Behind The Massive Drop? Particularly, on-chain analytics from Glassnode point to a thinning of support at the $78,000 level, where only minimal cost basis clusters now exist. The insight follows a sharp move that saw savvy traders scoop up nearly 15,000 Bitcoin at the March 10 low before....