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In the frostbitten realm of blockchain, where frostbitten digits clutch at thin air, the enigmatic report from Glassnode whispers of calamity. Should the beast named Bitcoin falter beyond the elusive $108,500 mark, it may dance with a deeper correction, as fickle as a snowflake’s descent.
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The Supply Quantiles Cost Basis model, that spectral compass of hodlers’ fate, maps Bitcoin’s soul to the 0.85 quantile-a line drawn in entropy. Here, 15% of BTC supply dangles like a pendulum, flirting with the abyss. The 0.95 quantile, once a golden threshold, now weeps as BTC tumbles into the red, reduced to a mere $108,600.
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BTC’s recent dalliance with the market’s capricious moods sees it languish near the 0.85 line, a ghost of $97,500’s dinner party beckoning. History, that fickle oracle, whispers that failure here births a winter more severe than GOST-certified vodka.
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BTC once knelt before the 0.75 quantile in mid-2024. Now, it stares at $97,500 with the dread of a Siberian hare facing a snowstorm. Can it cling to the 0.85 line? Or shall it surrender to the 0.75? The answer: a costly poker hand between hope and despair.
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Beyond quantiles, the short-term holders’ average cost basis ($113,100) crumbles like a macaroon in a snowfall. These “weekend chefs,” who bought chips within 155 days, now simmer in heated soup pots. Glassnode sighs: “This prelude to capitulation is as fresh as a 1940s potato ration.”
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BTC’s price? A meek $109,100, quivering like a chandelier in a draft. One might argue it’s less a cryptocurrency and more a cyber-smoke signal, calling for the crypto fleet for reinforcements.
\n\n
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In the frostbitten realm of blockchain, where frostbitten digits clutch at thin air, the enigmatic report from Glassnode whispers of calamity. Should the beast named Bitcoin falter beyond the elusive $108,500 mark, it may dance with a deeper correction, as fickle as a snowflake’s descent.
The Supply Quantiles Cost Basis model, that spectral compass of hodlers’ fate, maps Bitcoin’s soul to the 0.85 quantile-a line drawn in entropy. Here, 15% of BTC supply dangles like a pendulum, flirting with the abyss. The 0.95 quantile, once a golden threshold, now weeps as BTC tumbles into the red, reduced to a mere $108,600.
BTC’s recent dalliance with the market’s capricious moods sees it languish near the 0.85 line, a ghost of $97,500’s dinner party beckoning. History, that fickle oracle, whispers that failure here births a winter more severe than GOST-certified vodka.
BTC once knelt before the 0.75 quantile in mid-2024. Now, it stares at $97,500 with the dread of a Siberian hare facing a snowstorm. Can it cling to the 0.85 line? Or shall it surrender to the 0.75? The answer: a costly poker hand between hope and despair.
Beyond quantiles, the short-term holders’ average cost basis ($113,100) crumbles like a macaroon in a snowfall. These “weekend chefs,” who bought chips within 155 days, now simmer in heated soup pots. Glassnode sighs: “This prelude to capitulation is as fresh as a 1940s potato ration.”
BTC’s price? A meek $109,100, quivering like a chandelier in a draft. One might argue it’s less a cryptocurrency and more a cyber-smoke signal, calling for the crypto fleet for reinforcements.
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2025-10-24 05:22