Bitcoin (CRYPTO: BTC) is in danger of losing the $60,000 support, with Glassnode pinpointing $53,400 as the most likely floor if the current bear regime extends further.
Why $53,000 To $77,000 Is The Range That Matters Right Now
Glassnode tracks the True Market Mean, the average cost basis of active non-miner investors, as the line separating bear from bull market regimes.
That sits at $77,000, putting Bitcoin firmly inside bear territory at current levels.
The Short-Term Holder Cost Basis has dropped to $71,400, meaning new buyers are accumulating below the cyclical mean for the first time this cycle, a small but constructive step toward a bottom forming.
