Fun

This Bitcoin Price Range Could Be The Bulls’ Final Defense Line, Report Says

News Feed - 2025-03-07 09:03:26

Este artículo también está disponible en español.


A report from the on-chain analytics firm Glassnode has revealed a Bitcoin price region that could prove to be crucial for the bulls. Several Key Bitcoin Metrics Are Pointing At The Same Price Range Right Now


In its latest weekly report, Glassnode has discussed the Bitcoin investor cost basis from various angles. The first indicator that the analytics firm has shared is the “UTXO Realized Price Distribution” (URPD), that basically tells us about how the BTC supply is distributed among the different price levels based on the last transaction value. Related Reading Litecoin Whale Deposits 500,000 LTC To Binance: Price Decline To Extend? 1 day ago


First, here is how this metric looked before the recent price crash: The BTC URPD as it stood prior to the price drawdown | Source:Glassnode’s The Week Onchain – Week 9, 2025


As is visible in the chart, very few coins had their cost basis between $70,000 and $92,000 before the crash. In on-chain analysis, investor cost basis is considered an important topic, as holders are more likely to make some kind of move when their profit-loss status is threatened. Since this range contained the acquisition level of only a small part of the supply, it was sort of an “air-gap” in terms of potential demand.


This may be why BTC easily slipped deep into this region when the crash came. So far, though, the bulls have come through in providing support, as they have since participated in some buying in this vacant region, changing the URPD. It would appear that the investors have purchased 150,000 BTC inside the air-gap region | Source: Glassnode’s The Week Onchain – Week 9, 2025


Thus, the range is now better set up to provide support than before, although it’s still sort of an empty region when compared to the other Bitcoin cost basis centers.


The second indicator that Glassnode has talked about is the Realized Price of the short-term holders. The “Realized Price” is a term that was also in the full form of URPD. What this metric measures is the cost basis of the average investor belonging to a part of the BTC userbase.


Below is a chart that shows the trend in the indicator for the short-term holders (STHs), who are the Bitcoin investors who purchased their coins within the past 155 days. The trend in the STH Realized Price and its two deviation bands | Source: Glassnode’s The Week Onchain – Week 9, 2025


“The Short-Term Holder cost basis has historically acted as an important reference level across bull-market uptrends,” notes the analytics firm. “We have calculated the ±1σ bands of the Short-Term Holder Cost-Basis, which have typically acted as a sort of upper and lower bound for local price action.”


Interestingly, this lower bound, that is, the level one standard deviation below the STH Realized Price, is situated at $71,000 right now. This is about the same level as where the previously mentioned air-gap area ends. Related Reading Bitcoin’s Next Stop: $75,500? Analyst Reveals Historical ‘Magnet’ Level 1 day ago


This isn’t the only other place where this level shows up, as the chart for the Active Realized Price shows. Looks like BTC is currently trading a decent distance above this line | Source: Glassnode’s The Week Onchain – Week 9, 2025


The “Active Realized Price” basically takes the Realized Price of the entire BTC network, with an added twist. The metric only includes the ‘economical’ supply, meaning that it excludes for the part of the supply that Glassnode has determined to be unlikely to return back into circulation.


At present, the Active Realized Price stands at $70,000, which is once again nearly the same level as the one from the other two indicators. “With significant confluence across several key cost basis metrics, this price region becomes an area of interest, perhaps being the final defence line for the bulls in the event of a complete capitulation,” concludes the report. BTC Price


At the time of writing, Bitcoin is trading around $90,000, up almost 5% in the last week. The price of the coin seems to have been on the way up during the last couple of days | Source: BTCUSDT on TradingView Featured image from Dall-E, Glassnode.com, chart from TradingView.com

News Feed

Amaka Nwaokocha2 hours agoRipple Labs to revolutionize real estate industry through tokenizationAn innovative pilot program aims to enable users to tokenize real estate assets and utilize them as collateral for loans, le
Derek Andersen6 hours agoIsraeli authorities seize crypto from terror organizations, credit new technologyThe Israeli ministries of defense and justice and a number of intelligence and enforcement agencies collaborated;
Elon Musk sues Sam Altman, OpenAI over agreement breach
Amaka Nwaokocha13 hours agoElon Musk sues Sam Altman, OpenAI over agreement breachElon Musk urges OpenAI to return to its open-source principles and requests an injunction to prevent the for-profit exploitation of AGI te
Second Distribution By Celsius Network: Creditors To Receive Bitcoin Valued at $95,000 Each
Este artículo también está disponible en español. Once a prominent player in the cryptocurrency lending space, Celsius Network has commenced its second round of distribut
Bitcoin, Ethereum Technical Analysis: BTC Below $40,000 Prior to Wednesday’s Fed Meeting
Bitcoin, Ethereum Technical Analysis: BTC Below $40,000 Prior to Wednesday’s Fed Meeting BTC continued to trade below $40,000 prior to Wednesday’s FOMC meeting, as crypto
Kava Swap Lists on AscendEX
Kava Swap Lists on AscendEX press release PRESS RELEASE. AscendEX, a global digital asset trading platform with a comprehensive product suite , is thrilled to announce the listing o
StarkWare verifies first zero-knowledge proof on Bitcoin
Josh O"Sullivan7 hours agoStarkWare verifies first zero-knowledge proof on BitcoinStarkWare’s milestone opens the door for ZK-based layer-2 solutions, enhancing Bitcoin’s scalability and global payment capabilities.1
Ciphertrace Announces Enhanced Monero Tracing Capabilities for Governments
Ciphertrace Announces Enhanced Monero Tracing Capabilities for Governments Crypto compliance firm Ciphertrace has announced enhanced tools for tracing Monero tra
Russian Billionaire and Crypto Businessman Dies in Helicopter Crash in France
Russian Billionaire and Crypto Businessman Dies in Helicopter Crash in France Russian financier and cryptocurrency entrepreneur Vyacheslav Taran has been killed in a helicopter cra
‘World War III Has Begun,’ Says Gerald Celente; Plus, Long-Term BTC Predictions and Scorching US Inflation — Bitcoin.com News Week in Review
"World War III Has Begun," Says Gerald Celente; Plus, Long-Term BTC Predictions and Scorching US Inflation — Bitcoin.com News Week in Review Trend forecaster Gerald Celente told
Overstock’s Venture Arm Invests $2 Million in Blockchain ID Firm
Blockchain-based identity firm Evernym has received a $2 million investment from Overstock subsidiary Medici Ventures, according to a release from the company. Medici Ventures pa
Hash Watch: The Highly Anticipated Bitcoin Cash Fork Is Now Complete
Hash Watch: The Highly Anticipated Bitcoin Cash Fork Is Now Complete The Bitcoin Cash community has been patiently waiting for weeks for the November 15, 2020 up