glassnode: BTC spot price falls below the cost basis of 75% of supply

According to Odaily, glassnode posted on X stating that Bitcoin has fallen below the 0.75 supply cost percentile and has failed to reclaim it. Currently, the spot trading price is below the cost basis of 75% of the supply, indicating increased distribution pressure. Risk levels have risen, and unless this level is reclaimed, downside risk remains dominant.