Glassnode: BTC is currently at the lower end of the new entrant capital cost range, and no upward momentum signal has been formed yet.

CycleProphet · 2026-03-29T02:42:36+00:00

Deep Tide TechFlow News, March 29 — On the X platform, on-chain data platform Glassnode stated that the current Bitcoin price is at the lower end of the cost basis range for new entrants ($60,000–$70,000). Data shows that there has been some degree of chip accumulation within this range, but the overall scale remains below the typical levels that have historically driven strong rebounds, and the chip density is relatively weak. Glassnode pointed out that the current accumulation structure has a constructive shape, but in terms of strength, it is still insufficient and has not yet formed a clear upward momentum signal.

CycleProphet

2026-03-29 02:42:36

According to TechFlow news on March 29, the on-chain data platform glassnode posted on X platform, stating that the current Bitcoin price is at the lower edge of the cost basis range for new investors ($60,000–$70,000). The data shows that there has been a certain degree of accumulation within this range, but the overall scale is still below typical levels that historically drive strong rebounds, indicating relatively weak chip density. Glassnode pointed out that the current accumulation structure has constructive significance in terms of shape, but the intensity is still insufficient and has not formed a clear upward momentum signal.

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