Glassnode Warns of Potential 20% BTC Correction as Price Struggles to Reclaim Key Threshold

In accordance with Coindesk, Glassnode’s weekly report highlighted growing concerns for bitcoin as it struggles to reclaim the $113,000 short-term holder cost basis. The price has repeatedly failed to regain this level, signaling weakening momentum. If the trend continues, the price could fall toward $88,000, the next major support level. Short-term holders are selling at a loss, and long-term holders have distributed 104,000 BTC this month, the largest since July. Despite a calmer derivatives market, Glassnode notes that the market is in a consolidation phase with fragile sentiment and structural demand.