{"content":"⚡️ Glassnode Warns: Key Bitcoin Level in Sight — Will Bulls Step In? On-chain analytics company Glassnode revealed how Bitcoin investor Cost Basis Distribution might indicate this level as crucial. Significant Bitcoin Cost Basis Is $106,600 Glassnode wrote on X about the Bitcoin Cost Basis Distribution at levels around the spot price. The “Cost Basis Distribution” (CBD) is an on-chain statistic that shows how much of the asset's supply was bought at what price. The analytics business provided a CBD chart with pricing data exceeding $101,500. As seen in the data, Bitcoin price levels around the all-time high (ATH) aren't packed with supply, suggesting few investors bought there and those who did capitulated. However, $106,600, where holders recently bought 31,000 BTC, stood out. Glassnode says this supply cluster started on December 16. Despite the volatility since then, these token owners have stayed firm. Large supply barriers above the current price may operate as resistance in the near future since underwater investors want the asset to return to its break-even level so they can exit with all their cash. The chart shows that Bitcoin's rapid burst of positive momentum earlier brought its price near to this level, which it rejected. As the supply cluster remains robust, underwater investors who bought at $106,600 did not sell. Even if the cryptocurrency is providing them a chance to sell, these token owners seem to remain steadfast. The analytics group says this might make the level crucial to observe in the immediate future. #SaylorBTCPurchase #EthereumSecurityInitiative #GENIUSAct #MyEOSTrade $BTC ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/20/c0c7d638f40246b7b9868d7b4b1d3529.png"],"tags":[],"tradingPairs":["EOS/USDT"],"quotearticleid":0}