This bear never closed a day below Bitcoin’s average cost basis. Glassnode’s Week On-chain (Week 38) says the June low stayed above that line — shallower than 2018 and 2022. Selling into the rise is still light. US spot $BTC funds took in about $1.3B over five days. Other coins are rising with little new borrowed money. Support they mark: about $84k–$85k, then about $77k. Next big test: about $95k–$97k. Hold above $84k keeps that path open. Break $84k, then $77k, and the recovery is in doubt. Source: @glassnode — Escape Velocity https://t.co/FgKeXXxgBy
Tears of Satoshi 🥹Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.