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Glassnode Glassnode @glassnode · 44.1K subscribers
Post #1379 6.08K
Since July, BTC has consistently failed to reclaim the cost basis of the top buyers' supply.
This increases the odds of a retest of the 0.8-quantile cost basis (~$104K) as top buyers capitulate, transferring coins to stronger hands.

A process that often demands time or deeper discounts.

📉http://glassno.de/4qwKX1c
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