📊 #BTC The recent attempt to #move above the STH-cost basis of $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. #crypto
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📊 #BTC The recent attempt to #move above the STH-cost basis of $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. #crypto