Analysis: Bitcoin has fallen below the 0.75 supply cost baseline quantile and has failed to recover, with selling pressure on the rise
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According to ChainCatcher, market sources indicate that bitcoin has fallen below the 0.75 supply cost-basis quantile and has failed to reclaim this level. The current spot price is now below the cost basis for 75% of the supply, suggesting that selling pressure is increasing.
Risk has risen significantly, and unless the price recovers above this level, the downward trend will remain dominant.
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