According to glassnode, despite the recent price pullback, Bitcoin (BTC) continues to trade above major short-term cost basis levels as of June 11, 2025. The 1-week cost basis stands at $106.2K, 1-month at $105.2K, 3-month at $98.3K, and 6-month at $97.0K. This suggests most short-term BTC holders are still in profit, reducing the likelihood of widespread sell-offs and limiting top-heavy risk in the current market structure. The data indicates a strong support zone for BTC, which is a critical signal for crypto traders evaluating entry and exit points (source: glassnode on Twitter, June 12, 2025).

According to Milk Road (@MilkRoadDaily), a recently shared chart highlights critical Bitcoin price trends and potential trading signals for June 2025. The chart reveals notable support and resistance levels, with Bitcoin consolidating above the $68,000 mark, indicating strong interest from institutional investors (source: Milk Road Twitter). Technical analysis suggests traders should monitor these levels closely for breakout or retracement opportunities, as such movements could influence altcoin performance and overall crypto market sentiment. This data-driven insight is crucial for traders seeking actionable strategies in a volatile market environment.