Glassnode: If Bitcoin falls below $75,000, it may further retreat to $60,000
Glassnode indicates that Bitcoin is currently under supply pressure from long-term holders around the range of $83,000 to $85,000. However, investors are still accumulating Bitcoin in this area.
If the price breaks below this newly formed concentration zone, $75,000 will become a key observation level; further declines could potentially pull back to around $60,000.
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