glassnode: BTC has not yet formed clear upward momentum and is currently at the lower end of the entry cost basis for new buyers.

2026-03-29 03:24:48

Odaily Planet Daily reported that the on-chain data platform Glassnode stated on the X platform that the current Bitcoin price is temporarily situated at the lower end of the cost range for new investors ($60,000–$70,000). Data shows that there has been a certain degree of accumulation within this range, but the overall scale remains below the typical levels that historically drive strong rebounds, indicating relatively weak chip density. Glassnode pointed out that the current accumulation structure is constructively meaningful in form, but still insufficient in strength, and has not yet formed a clear upward momentum signal.

BTC0,3%

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