Glassnode reports Bitcoin has shown resilience with only a 28% correction from cycle highs compared to 50% drops in Ethereum and Solana.
The upcoming White House crypto summit focusing on reserve assets could trigger additional market volatility as traders await clarity on Bitcoin’s special status versus altcoins.
Analysts identify key price levels to monitor including the Short-Term Holder Cost-Basis at US$92k and a critical support zone at US$71k if market conditions deteriorate further.
“Violent volatility” will likely continue to shake investor confidence, according to a report by analysts at Glassnode.