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Glassnode Glassnode @glassnode · 44.1K subscribers
Post #1501 9.02K
The recent attempt to move above STH-cost basis ($98.4K) was capped by sell-side pressure from 3–6 month holders, whose average cost basis sits near $112.6K.
This cohort ramped up spending into the move, realizing elevated losses and weighing on upside momentum.

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