TechFlow news, December 9 — According to the latest Cost Basis Distribution (CBD) data from on-chain analytics platform Glassnode, Bitcoin has formed its largest accumulation zone at $99,559, with approximately 125,000 BTC concentrated at this level. Meanwhile, the price range between $96,000 and $98,000 holds a combined total of 120,000 BTC and may serve as short-term support.
The data also shows that 44,000 BTC have accumulated at the $101,669 price level. Although smaller compared to the accumulation at $99,559, this level could become a market focal point. Glassnode noted that whether these levels will turn into resistance zones will depend on future market momentum.
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