glassnode: BTC spot price falls below 75% of supply cost basis

Odaily Planet Daily reports that Glassnode posted on the X platform stating that Bitcoin has fallen below the 0.75 supply cost percentile and has not recovered. Currently, the spot trading price is below the cost basis of 75% of the supply, indicating increasing distribution pressure. The risk level has risen, and unless it recovers this level, the downside risk remains dominant.

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