Glassnode: A break below $58k to $60k will cause a large amount of STH to suffer losses, and trade below the 200DMA price level. The average bitcoin still has 2x unrealized profits. but new buyers are disproportionately below their ranks.

Glassnode: A break below $58k to $60k will cause a large amount of STH to suffer losses, and trade below the 200DMA price level. The average bitcoin still has 2x unrealized profits. but new buyers are disproportionately below their ranks. https://insights.glassnode.com/the-week-onchain-week-27-2024/