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Bitcoin Drops below $109,000: Hold Here Or Face $95,000, Glassnode Warns
Bitcoin risks a deeper retracement toward $93,000–$95,000 if it loses critical support near $107,000–$108,900, according to Glassnode's latest on-chain analysis.
The cryptocurrency is currently trading around $108,800 after pulling back from its $124,000 all-time high.
Analysts noted that while a rebound to $113,600 remains possible, short-term holders are under pressure and may sell into strength, limiting upside momentum.
Glassnode highlighted that Bitcoin sits above a dense cost-basis cluster between $93,000 and $110,000, which could serve as a mid-term floor.
However, a sustained move below the six-month holder cost basis at $107,000 would raise the risk of accelerated selling.
https://www.benzinga.com/crypto/cryptocurrency/25/08/47415747/bitcoin-drops-below-109000-hold-here-or-face-95000-glassnode-warns
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