Analysis: Bitcoin has fallen below the 0.75 supply cost baseline quantile and has failed to recover, with selling pressure on the rise
According to market news, Bitcoin has fallen below the 0.75 supply cost-basis quantile and has failed to regain that level. The current spot price is below the cost benchmark of 75% of the supply, indicating that selling pressure is increasing.
Risks have significantly increased, and unless the price rebounds above that level, the downward trend will dominate.
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