Glassnode: Bitcoin is currently at the lower end of the cost range for new investors, and the strength of its accumulation of shares is still insufficient.

PANews reported on March 29th that Glassnode, an on-chain data platform, published an article on its X platform stating that the current Bitcoin price is at the lower end of the funding cost range for new investors ($60,000–70,000). Data shows that while there has been some accumulation of Bitcoin within this range, the overall scale is still lower than the typical levels that historically drove strong rallies, indicating relatively weak accumulation density.

Glassnode points out that while the current accumulation structure is constructive in form, its strength is still insufficient, and the market has not yet formed a clear upward momentum signal.