📊 The current price of Bitcoin is at the lower edge of the new buyers' cost range
Glassnode data shows:
· The cost range for new buyers is approximately $60,000 to $70,000
· The current coin price is at the lower edge of this range
· On-chain data indicates significant accumulation of chips in this range
It is worth noting that the scale of accumulation in this round is still not at the level that historically drives strong rebounds - although the current structure has support, the strength still appears insufficient.