Bitcoin Nears Key Level - Market Trend Shift Incoming?

Glassnode highlights Bitcoin’s Short-Term Holder (STH) cost-basis at $88,135 as a critical level. 

BTC is currently 7% above it, but a drop below could signal weaker sentiment among newer investors - a classic precursor to trend reversals.

Long-Term Holders (LTHs) are still distributing, though the pace is slowing. 

Historical data shows this doesn’t necessarily mean the top is in. Plus, with 0% of LTH supply in loss, the market remains resilient despite prices sitting 12% below all-time highs.

Key takeaway: this juncture matters, but it’s not a panic signal - watch the levels closely.

Source: The Daily Hodl