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Bitcoin Holders STAND FIRM Despite SHOCKING Price Drop!

Bitcoin Investors REFUSE to FLINCH as Prices PLUMMET!

In an explosive turn of events, on-chain data is revealing that Bitcoin investors who jumped in at the peak are sticking to their guns, even as the digital currency takes a dive!

The Bitcoin Cost Basis: A Robust Wall Above $118,000!

Hold onto your seats! The cryptocurrency whizzes at Glassnode have dropped some jaw-dropping insights on Bitcoin’s Cost Basis Distribution Heatmap. This critical data shows how much of Bitcoin’s supply was snatched up at various price points, and let us tell you – the stakes are HIGH!

When the market is on a roll, those investors raking in profits might see price drops as GOLDEN buying chances. But here’s the catch: those in the red are eying their break-even point like vultures! This creates a tug-of-war, driving the supply dynamics into an intense showdown!

Check this out! Recent reports reveal a shocking “airgap” in Bitcoin’s cost basis due to a frenzied price surge last month! As BTC raced to dizzying heights, it left behind a wasteland of weak supply and no solid support beneath.

Figures confirm that Bitcoin has been consolidating with a hefty supply hovering just above $116,000, but below that? It’s a desert all the way down to $109,000!

With the latest price plunge, Bitcoin is now rummaging through this treacherous airgap, and guess what? Investors are swooping in to BUY THE DIP! This surge could solidify a SUPPORT CLUSTER in the price range.

But here’s the kicker! A STRIKING amount of supply has its cost basis nestled between $118,000 and $120,000. While some panic-sellers are scrambling for the exits, a hefty chunk of those top-tier buyers are choosing to HOLD STRONG!

The BIG Question: Will These Bitcoin Titans Keep Their Grip?

As Bitcoin weaves through this hair-raising airgap, everyone’s eyes are glued to the unfolding saga. Will these heavy-hitters maintain their resolve, or will they crumble under the pressure?

BTC Pricing Update: Are We Heading for a Catastrophe?

Right now, Bitcoin is teetering at around $114,200, down a shocking 4% over the past week. Are you ready for the wild ride ahead? Buckle up, folks! The future of Bitcoin is anything but dull!