Short-term holder cost distribution shows price consolidating in the $80,000 to $95,000 range

Recently, the short-term holder cost distribution heatmap shows that the consolidation in the $80,000 to $95,000 range reflects a concentration of cost structure at higher levels, while demand has rebounded above $80,000. The supply from recent buyers has absorbed attempts at a rebound, and although buying continued after selling, the price remains anchored within the current range. (glassnode)