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Glassnode: BTC is currently at the lower end of the new entrant capital cost range and has not yet formed an upward momentum signal.
Golden Finance reported that on March 29, the on-chain data platform Glassnode posted on platform X that the current Bitcoin price is at the lower edge of the cost range for new investors ($60,000–$70,000). Data shows that there has been some degree of accumulation within this range, but the overall scale is still below the typical levels that historically drive strong rebounds, indicating relatively weak chip concentration.
The current accumulation structure has a constructive significance in form, but its intensity is still insufficient, and a clear upward momentum signal has not yet been formed.