Glassnode： Bitcoin is currently stabilizing around $74000, and the downward trend may slightly slow down in the future

Glassnode analyzed in an article on the X platform that currently, Bitcoin seems to have found support at $74000. The holding cost of approximately 50000 BTC is concentrated at $74200. On chain data shows that these positions are mainly held by investors who have been active for the past 5 months, steadily increasing their holding costs until March 10th, and have remained inactive since then. From here on, the downward trend may slightly slow down - between $74000 and $70000, with a total of approximately 175000 BTC in the holding cost cluster. The largest single level within this range is $71600, holding approximately 41000 BTC. The next more solid support level is at $69900, where approximately 68000 BTC are held. The $69000 range coincides with the -1 standard deviation of the short-term holder cost base, which was defined by Glassnode analysts in January as the lower edge of short-term price volatility in a bull market.