[glassnode: The short-term bull-bear dividing line for Bitcoin is $111,400; sustained trading below this level indicates a mid-term bearish outlook] BlockBeats News, September 23, glassnode shared its latest perspective following the recent downturn, stating that the cost basis for short-term holders is typically regarded as a key battleground between bulls and bears, currently at $111,400. Sustained trading below this level may signal a shift in market structure toward a mid-to-long-term bearish trend.