The analytics company cautions that if Bitcoin cannot retake its $113K cost basis, it could experience a more significant pullback towards $88K due to long-term holder selling and weak market sentiment.
Another 20% Bitcoin Pullback Possible, According to Glassnode
By Ethan Carter
Ethan Carter
Ethan is a seasoned cryptocurrency writer with extensive experience contributing to leading U.S.-based blockchain and fintech publications. His work blends in-depth market analysis with accessible explanations, making complex crypto topics understandable for a broad audience. Over the years, he has covered Bitcoin, Ethereum, DeFi, NFTs, and emerging blockchain trends, always with a focus on accuracy and insight. Ethan's articles have appeared on major crypto portals, where his expertise in market trends and investment strategies has earned him a loyal readership.