According to @glassnode, Bitcoin's Cost Basis Distribution has shifted over the past week as volatility intensified. The analysis shows that the previous air gap of thin supply below the $90K levels is being filled, indicating significant market activity where certain holders capitulated while others bought the dip. These changes suggest a redistribution of Bitcoin holdings which could influence future price movements. The charts provided by glassnode illustrate these shifts in distribution, providing insights into market participant behavior.

According to Glassnode, a one-week overview of Bitcoin's Cost Basis Distribution indicates new demand clusters have formed between $84K and $92K. This development suggests potential buying interest within this price range. However, it remains uncertain if this demand is sufficient to counteract the existing sell-side pressure, which could impact price stability and future market movements. This analysis is crucial for traders to assess potential entry and exit points.

According to Glassnode, the $BTC Cost Basis Distribution reveals the last substantial demand zone between $89K and $87K. Below this, investor cost bases are sparse until $71K-$72K, suggesting weaker support and potential bearish control in this price range.

According to Glassnode, the expansion of Cost Basis Distribution to include Ethereum, ERC20, and SPL tokens provides traders with enhanced insight into investor positioning and market dynamics. This development allows for more precise evaluation of cost basis trends, potentially impacting trading strategies and market sentiment. Traders can now better assess where significant price levels may lie and adjust their strategies accordingly, influencing market liquidity and volatility. (Source: @glassnode)

According to Glassnode, Bitcoin's Cost Basis Distribution (CBD) metric indicates that nearly 200,000 BTC was accumulated above the $97.5K level, which explains the support found at this price point amidst downside pressure.