Summary
- "Glassnode announced that the Bitcoin price has exceeded the purchase price of short-term holders."
- "They mentioned that exceeding the short-term holder purchase price could act as a support for further Bitcoin increases."
- "It was reported that the market sentiment for Bitcoin is showing signs of recovery, suggesting positive price movements."
The price of Bitcoin (BTC) has surpassed the purchase price of short-term holders.
On the 23rd (local time), Glassnode announced on X (formerly Twitter) that "Bitcoin has exceeded the purchase price of short-term holders ($93,000)," adding that "this price level could act as a support for further Bitcoin increases." They further indicated that "the current market sentiment for Bitcoin is showing signs of recovery," suggesting that positive price movements may occur in the future.
As of 4:57 PM, Bitcoin is trading at $93,887 on the Binance USDT market, up 6.17% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Market] Bitcoin breaks below $70,000… Korea premium at 0.31%](https://media.bloomingbit.io/PROD/news/74018332-717e-4495-9965-328fe6f56cb4.webp?w=250)
