Summary
- Glassnode said attention should be paid to Bitcoin (BTC)'s $111,400 support.
- It said short-term holders' acquisition cost was formed at $111,400, and if trading continues below that price, a long-term bear market could begin.
- At 12:00 PM on the 22nd, on the Binance USDT market, Bitcoin was trading at $112,958, down 2.2% from 24 hours earlier.
A claim has emerged that attention should be paid to Bitcoin (BTC)'s $114,000 support.
On the 22nd (local time), Glassnode said on X (formerly Twitter), "The acquisition cost of short-term Bitcoin holders was formed around $111,400," and added that "if trading continues below that price, a long-term bear market may begin," noting that attention should be paid.
At 12:00 PM, on the Binance USDT market, Bitcoin was trading at $112,958, down 2.2% from 24 hours earlier.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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