TechFlow news: On March 29, on-chain data platform Glassnode posted on X stating that Bitcoin’s current price sits at the lower end of the cost basis range for new entrants ($60,000–$70,000). Data shows some degree of chip accumulation within this range; however, the overall scale remains below the typical threshold historically associated with strong rebounds, indicating relatively weak chip concentration. Glassnode noted that while the current accumulation structure is constructively shaped, its strength remains insufficient to generate a clear upward momentum signal.
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