ANALYSIS: Bitcoin's $88,000 Cost to Short-Term Holders Remains a Key Support Level

Bitcoin's short-term cost price for holders ($88,000) remains a key support level, glassnode said in a post on the X platform. The URPD (Utrealized Price Distribution) indicator suggests that a drop below this cost price and thin volume below this support level would mean a lack of buying support and the price could accelerate down.