1/ Cost Basis Distribution (CBD): A Key Insight for Investors

CBD measures the total Bitcoin supply held by addresses with an average cost basis within specific price ranges.

Key Observations:

- A dense cluster of supply exists between $88.1K-$103K.

- Since mid-December, we've been hovering near the lower band ($88.1K).
$98K buyers remain notably resilient despite market fluctuations.

- This region acts as a critical zone of interest for price action.

📊 https://glassno.de/4iWs04a

2/ The Air Gap: $70K-$88.1K

Above the dense cluster lies an "Air Gap" between $70K-$88.1K – an area with significantly lower supply concentration.

📉 Implication:

If the market enters a prolonged price contraction phase, this zone could act as a bottom discovery region, attracting new buyers eager to accumulate Bitcoin at a relative discount.

Keep a close eye on these levels—they hold the key to market resilience or deeper corrections.

📊 https://glassno.de/4iWs04a