On-chain analytics firm Glassnode has highlighted how Bitcoin has only seen a relatively thin accumulation band form during the recent consolidation range.
Bitcoin STH CBD Shows Accumulation Remains Thin
In a new post on X, Glassnode has talked about the latest trend in the Bitcoin Cost Basis Distribution (CBD) of the short-term holders. The CBD here refers to an indicator that tells us about the amount of supply that was purchased at the various price levels visited by BTC in its history.
The CBD of the short-term holders (STHs) specifically tracks this for the supply that was purchased within the past 155 days. The short time frame means that supply clusters on the indicator always thin out over time, whether by coins from them being moved at other price levels (thus regaining their cost basis there) or by maturing into the long-term holder (LTH) cohort, beyond the 155-day cutoff.
Now, here is the chart shared by Glassnode that shows how the Bitcoin STH CBD has changed o
We współpracy z: https://www.newsbtc.com/bitcoin-news/bitcoin-foundation-mid-term-breakout-cost-basis/
