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Glassnode: Bitcoin price has strong bottom support in potential pullback scenario

Foresight News|Jul 31, 2025 11:43

According to Foresight News, according to Glassnode data, BTC prices are currently maintained on top of the cost base of all Short Term Holders (STH) subgroups, with a cost base ranging from $110000 to $117000 over a 24-hour to 3-month period. This price area overlaps with the low trading volume area, indicating strong bottom support in the event of a potential pullback.

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Timeline

Aug 30, 11:10Bitcoin Asia 2026 See you next year

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Aug 30, 03:12Bitcoin fell below the daily MA120 moving average

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