📊👀 Glassnode Report:
- A structural reset has occurred across many sectors of the #BTC economy, indicating that much of the speculative excess has been flushed out. However, investor gains and losses remain small, while long-term holders remain largely inactive in the market;
- BTC price action is facing its first wave of significant resistance as the price attempts to consolidate and break above key technical and on-chain levels, namely the 111DMA ($91.3K) and the short-term holder basis ($93.2K).