Glassnode: Cryptocurrency strategic reserve has become a 'selling news' event, with the current key price level of BTC at $92000

星球日报
星球日报|Mar 06, 2025 12:43
Odaily Planet Daily News: After Trump announced the establishment of a strategic cryptocurrency reserve, Bitcoin briefly rebounded, but market analysis firm Glassnode pointed out that the cryptocurrency strategic reserve has become a "selling news" event because market prices quickly fell and fell to the level before the announcement of the strategic cryptocurrency reserve. The Short Term Holder (STH) cost base is $92000, which is a critical level to pay attention to as $92000 has historically been an important reference level in bull markets. Glassnode analysts explain, "The decisive reaction of the STH cost base around $92000 seems to be a key level for monitoring current market trends, and if the market deteriorates further, the $71000 area will become a new key area
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