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Glassnode Glassnode @glassnode · 44.1K subscribers
Post #1004 13.4K
The Cost Basis Distribution (CBD) metric reveals where Bitcoin supply has clustered at key price levels. Recent data shows $99,559 as the largest accumulation zone below $100K (a total of 125K BTC), while $96K–$98K, with 120K BTC accumulated, shapes up as a potential short-term support level.

CBD also highlights $101,669 (44K BTC) as a level to watch. While $99,559 shows stronger accumulation, it may act more as an area of interest than immediate resistance, depending on how market momentum evolves.

Typically exclusive to Professional plan users, the Cost Basis Distribution Heatmap is now accessible to Advanced plan users until the end of 2024. Explore it here: https://glassno.de/4ikd3ZA
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