According to BlockBeats news on December 1, data from glassnode shows that Bitcoin has now fallen below multiple on-chain cost indicators (which can be used as support reference points), including the short-term transaction cost basis (STH Cost Basis, $90,900) and the active investors mean (Active Investors Mean, $88,100). The next important indicator is at $81,700, which is the True Market Mean. The long-term support reference, the realized market price (Realized Price), is $56,400.
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Bitcoin has fallen below multiple on-chain cost supports, with the next important support at $81,700.
According to BlockBeats news on December 1, data from glassnode shows that Bitcoin has now fallen below multiple on-chain cost indicators (which can be used as support reference points), including the short-term transaction cost basis (STH Cost Basis, $90,900) and the active investors mean (Active Investors Mean, $88,100). The next important indicator is at $81,700, which is the True Market Mean. The long-term support reference, the realized market price (Realized Price), is $56,400.