Wu learned that Glassnode analysis shows that Bitcoin is currently down about 8%, and the price is below the cost base of short-term holders (STH) by $92500, which is usually the boundary between local bull and bear markets. The current STH MVRV is 0.96, and short-term holders face a paper loss of approximately 4%. Historical data shows that prices often fall below the short-term holder cost base, currently between $71000 and $72000. If it continues to decline, this trend may increase the opportunity for bears to control the market. The BTC cost base distribution shows that the last demand range is between $87000 and $89000, and falling below this range may exacerbate selling pressure. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=38507