Bitcoin retests critical $109K cost-basis band, historical turning point
Crypto Briefing
Bitcoin is retesting the critical $109,000 cost-basis band, a historical turning point supported by macro liquidity and ETF inflows.Summary
Bitcoin is currently retesting the critical $109,000 cost-basis band, which corresponds to the 0.85 cost-basis level identified by on-chain analytics firm Glassnode. Historically, this level acts as a significant turning point: maintaining support above it has preceded major rallies, whereas a drop below it often leads to a decline toward the 0.75 band, near $98,000. This crucial test is occurring while Bitcoin is in a mid-cycle consolidation phase, bolstered by favorable macro liquidity tailwinds and consistent demand from spot Bitcoin Exchange-Traded Funds (ETFs). The asset is also forming parabolic curve patterns, suggesting potential for extended upward trends if this key support holds.
(Source：Crypto Briefing)