glassnode: Bitcoin Short-Term Bull-Bear Line is $11.14K, sustained trading below this level indicates a mid-term bearish outlook

BlockBeats News, September 23rd, glassnode has published a new insight after this round of decline, pointing out that the short-term holder cost basis is typically seen as a key battleground between bulls and bears, currently at $111,400. Transactions continuing to stay below this level may signal a shift in market structure towards a medium to long-term bearish outlook.