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.

CoinFeed reported on March 29th that on-chain data platform Glassnode 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 some accumulation of Bitcoin has occurred in this range, but 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.