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Glassnode Glassnode @glassnode · 44K subscribers
Post #2022 1.72K
The cost basis of investors that bought the top still caps BTC's upside.

Holders who bought 1 to 2 years ago sold heavily as $BTC rallied toward $88k, where the 6 to 12 month group breaks even. Price stalled just under it.

That selling has since slowed considerably.
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