Glassnode: BTC is currently at the lower edge of the new capital entry cost range and has not yet formed an upward momentum signal

On-chain data platform Glassnode posted on X platform, stating that the current Bitcoin price is at the lower end of the cost range for new investors ($60,000 - $70,000). Data shows that there has been a certain degree of accumulation within this range, but the overall scale is still below the typical levels that have historically driven strong rebounds, indicating relatively weak chip density.

The current accumulation structure has constructive significance in form, but is still insufficient in strength and has not yet formed a clear upward momentum signal.