Gate News update: On March 29, on the X platform, on-chain data platform Glassnode stated that the current Bitcoin price is at the lower end of the cost basis range for funds of newly entered investors (from $60,000 to $70,000). Data shows that some degree of position accumulation has already appeared within this range, but the overall scale is still lower than the typical level seen historically when strong rebounds were driven; the position density is relatively weak. Glassnode said that the current accumulation structure is constructive in terms of its formation, but in terms of strength it is still insufficient, and it has not yet formed a clear signal of upward momentum.
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