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Boxed In

Published Source: Glassnode InsightsRead original

Crypto Insight Summary: Bitcoin is stuck under the cost basis of the past two years' buyers, the ETFs are selling again, and September's CPI came in hot. Underneath, the base holds: price sits above the True Market Mean and the ETF cost basis, loss-taking has dried up, and this bear never closed below the Realized Price. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Mixed signals with ETF selling balanced by strong underlying support.

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Boxed In — Crypto Insight