Bitcoin Price Drops Below 85% Cost Basis, Next Support at 75% Level Near $9.9k
BTC/USDT
$17,366,629,629.18
$71,554.95 / $68,531.50
Change: $3,023.45 (4.41%)
-0.0023%
Shorts pay
COINOTAG News reported on November 4 that a Glassnode market insight shows Bitcoin breaking below the 85% cost-basis level, near $10.9k, with the current price around $10.35k. This marks a clear shift in the prevailing BTC price levels.
Analysts define the next technical anchor at the 75% cost-basis level, near $9.9k, a level that has historically provided support during drawdowns. A test of this zone could influence near-term momentum.
Context from Glassnode reinforces that cost-basis benchmarks can serve as reference points for risk controls and strategy calibration. Traders may adjust position sizing and hedging in response to how price interacts with these established levels.
Keep monitoring liquidity conditions and macro drivers as Bitcoin edges these critical thresholds; a sustained move below the 75% level would merit a cautious stance.