COINOTAG News (September 12) reports that Glassnode data shows Bitcoin’s cost basis distribution concentrating a dense support band between $110,000 and $114,000, where a significant volume of supply has been accumulated; the next material supply cluster is identified near $117,000, which could act as a near-term resistance level.
Cost basis distributions map the price levels at which holders acquired positions, and dense clusters can indicate concentrated unrealized gains or losses that influence liquidity and order flow; investors and risk managers may reference these quantified levels within technical and portfolio analysis to assess potential supply concentration and execution risk without presuming future price direction.