Bitcoin Recovery Needs This To Happen, Glassnode Analyst Reveals

The lead research analyst at Glassnode has highlighted how the Bitcoin supply clustered at the top levels might have to shift down before a sustained recovery can take shape.
Bitcoin Cost Basis Distribution Shows Massive Supply Above $80,000
In a new post on X, Glassnode lead research analyst CryptoVizArt has discussed how the Bitcoin supply is looking from the perspective of the Cost Basis Distribution (CBD). The CBD is an on-chain indicator that tells us about the amount of BTC that was purcha