Glassnode details how Proximity-Weighted Cost Basis converts Cost Basis Distributions into quantifiable support and resistance signals while extending MVRV and NUPL metrics to current price action.

Glassnode reports Bitcoin remains trapped under key cost basis levels as buyers from the past two years break even above $88K while ETF net selling resumes and the $81.5K ETF cost basis holds.

Glassnode reports that the cost basis of investors who bought the top continues to cap Bitcoin upside after 1-2 year holders sold heavily toward $88k, with selling now slowed considerably and price holding ETF cost basis support at $81.5k.

Glassnode reports bitcoin has bounced off the ETF cost basis, holding twice as support near $81.5k after most of the year below that level, with the next major floor at the True Market Mean of $77.5k.

Bitcoin trades above True Market Mean and short-term holder cost basis, confirming sustained uptrend per Glassnode data at $86440.9.

Bitcoin ETFs recover from $18B drawdown as institutional cost basis becomes key resistance; BTC at $78142.54 faces EMA50 at $78823.83 with bearish MACD.

Glassnode flags Bitcoin on-chain supply levels and liquidation clusters at $77900 showing strong confluence with cost basis bands defining the trading range.

Bitcoin short-term holder cost basis at $68.5k marks bull-bear line as BTC trades near $68668.57 with overbought RSI on 4h chart.

Bitcoin treasuries show 80% of public companies underwater as price sits below aggregate cost basis at $64499.93 amid neutral RSI.

Bitcoin shorts closed and ETF flows turned positive as Glassnode highlights the $69k Short-Term Holder Cost Basis test with price at $66053.87.

Bitcoin ETF cost basis remains uncrossed at $81K, aligning with short-term holder levels and true market mean in latest on-chain analytics.

According to @glassnode, Bitcoin's price has struggled to maintain levels above the cost basis of the top 1%, 5%, 10%, and 20% of supply since the October all-time high. At $60,000, the price is approximately 37% below the top 20% cost basis of $95,000, indicating significant psychological pressure on top buyers. This scenario is reminiscent of market conditions observed in May 2022.

According to @glassnode, with Bitcoin spot at 69.7K, their on-chain models show STH Cost Basis at 94.0K, Active Investors Mean at 86.8K, True Market Mean at 80.1K, and Realized Price at 55.6K (source: @glassnode). According to @glassnode, this places BTC below multiple on-chain cost bases while still above the realized price, highlighting these as key levels traders track (source: @glassnode).

According to @glassnode, the on-chain crossover between the cost basis of 1-month buyers and the 6-month cohort functions as a momentum signal similar to VWAP, historically aligning with transitions into and out of deep bear-market regimes as ownership rotates between weaker and stronger hands, source: @glassnode. @glassnode also cited the Risk Index from @bitcoinvector showing capitulation-level readings, framing the setup as a potential inflection zone for BTC rather than a confirmed bottom, source: @bitcoinvector via @glassnode.

According to Glassnode, BTC spot traded near 78.6K while on chain models showed STH Cost Basis 95.4K, Active Investors Mean 87.3K, True Market Mean 80.5K, and Realized Price 55.9K (source: Glassnode on X). According to Glassnode, a second snapshot recorded spot near 87.3K with STH Cost Basis 96.5K, Active Investors Mean 87.5K, True Market Mean 80.7K, and Realized Price 56.0K (source: Glassnode on X). According to Glassnode, spot below the STH Cost Basis and Active Investors Mean signals overhead resistance, while proximity to the True Market Mean defines a tactical pivot, with the Realized Price marking the deeper cycle baseline for BTC risk management (source: Glassnode on X).

According to @BullTheoryio, Michael Saylor’s Bitcoin strategy is roughly 1.8% from turning negative on its BTC position, with a reported 712,647 BTC acquired at an average cost of $76,038 and valued around $55.72 billion; the post also notes the position was valued near $81 billion at a prior peak around $126k, per the same source. The post frames the reported cost basis as a key level that BTC traders are likely to watch as a breakeven zone, according to @BullTheoryio.

According to @glassnode, Bitcoin’s attempt to move above the Short-Term Holder cost basis around $98.4K was capped by sell-side pressure from 3–6 month holders whose average cost basis is near $112.6K, as this cohort increased spending into the move and realized elevated losses, weighing on upside momentum. According to @glassnode, BTC is consolidating in a low-volume regime with easing spot pressure, light leverage, and volatility priced as short-lived rather than structural.

According to @glassnode, Bitcoin (BTC) has lost the 0.75 supply cost-basis quantile and is now trading below the cost basis of 75% of supply, indicating rising distribution pressure (source: @glassnode). @glassnode states risk has shifted higher with downside dominant unless this level is recovered (source: @glassnode).

According to @EmberCN, Bitcoin treasury company @Strategy (MSTR) purchased 1,287 BTC last week at about $90,316, totaling roughly $116 million. According to @EmberCN, @Strategy (MSTR) now holds 673,783 BTC valued at $62.527 billion with an average cost basis of $75,026 and an unrealized profit of $11.975 billion. According to @EmberCN, Ethereum treasury company @BitMNR (BMNR) bought 32,977 ETH last week at about $2,963, totaling about $97.71 million. According to @EmberCN, @BitMNR (BMNR) now holds 4,143,502 ETH valued at $13.039 billion with an average cost basis of $3,867 and an unrealized loss of $2.983 billion.

According to @lookonchain, Metaplanet purchased another 4,279 BTC for about $448M at an average price of $104,679; source: x.com/lookonchain/status/2005928877173137613 and Metaplanet disclosure contents.xj-storage.jp/xcontents/33500/4a51c54b/ec98/4363/bc59/64c440d858e3/140120251229527957.pdf. According to @lookonchain, Metaplanet now holds 35,102 BTC with a blended cost basis of $102,246; source: x.com/lookonchain/status/2005928877173137613 and company filing contents.xj-storage.jp/xcontents/33500/4a51c54b/ec98/4363/bc59/64c440d858e3/140120251229527957.pdf. According to @lookonchain, the position shows over $504M in unrealized losses, offering clear BTC reference levels at $104,679 (latest buy) and $102,246 (company cost basis) for traders; source: x.com/lookonchain/status/2005928877173137613.