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TechFlow news, August 28 — According to Glassnode data, Bitcoin's current trading price is below the cost basis of both the 1-month and 3-month holder cohorts, whose cost bases stand at $113,600 and $115,600 respectively.
Since short-term holders are currently at a loss, these investors may choose to exit their positions when prices recover to their cost basis, thereby creating resistance against Bitcoin's upward movement.
According to Glassnode data, Bitcoin's current trading price is below the cost basis of the 1-month and 3-month holder cohorts, whose cost bases are $113,600 and $115,600 respectively. As short-term holders are currently at a loss, these investors may choose to close their positions when the price rebounds to their cost basis, thereby creating resistance to Bitcoin's upward movement.
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