[glassnode: BTC Price at Lower Bound of New Entrant Cost Range] On-chain data platform glassnode stated that the current Bitcoin price is at the lower bound of the cost range for new entrant investors ($60,000–$70,000). While there has been some degree of accumulation within this range, the scale is below the typical levels historically associated with strong rebounds. The intensity of accumulation is relatively weak, and a clear signal for upward momentum has yet to form.