Bitcoin Top Buyers Aren’t Selling: $118,000+ Supply Remains Firm

On-chain data shows Bitcoin investors who purchased near the price top are choosing to hold even after the latest pullback. Bitcoin Cost Basis Distribution Shows Supply Still Firm Above $118,000 In a new post on X, the on-chain analytics firm Glassnode has discussed the latest trend in the Cost Basis Distribution Heatmap of Bitcoin. This indicator tells us about how much of the asset’s supply was purchased at the various spot price levels. In on-chain analysis, supply cost basis is considered a key concept, as investor behavior is often more pronounced when the cryptocurrency is trading at or near its acquisition level source: https://www.newsbtc.com/bitcoin-news/bitcoin-top-buyers-selling-118000-remains-firm/