Bitcoin Tops Cost Basis But Still 62% of Recent Coins Underwater
Photo: Coindoo
Key Takeaways About 62% of recent-holder supply sits underwater Remaining long-liquidation band overlaps short-term-holder cost basis Short positions built above price during the decline ETF investors pulled $1.16 billion over three sessions Glassnode’s “Idling at Support” report , published November 4, treats the pullback as a retest of levels Bitcoin reclaimed in August. Read alongside ETF flow data, it describes a market that has worked off much of its forced selling without attracting new buyers, while the share of recent coins held at a loss has grown.
Source: Coindoo
