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⚡️Glassnode data shows that the cost basis for short-term $BTC holders is around $105,400. Coupled with the standard deviation range, we can see several split points—
$141,600
$125,100
$105,400
92,100 USD
These #Bitcoin# short-term holder subgroups form a cost band structure, which can essentially be seen as a momentum indicator that measures short-term market sentiment.
From a more macro perspective, Bitcoin may continue to oscillate between $105,000 and $125,000 until a clear breakthrough occurs. If there is a strong breakout, the next resistance zone will be $141,000!