<ul data-eligibleForWebStory="true"><li>Bitcoin's spot price remains above key cost basis levels for various timeframes like one week to six months, indicating limited top-heavy risk.</li><li>Glassnode's data shows cost bases for different periods: 1-week at $106,200, 1-month at $105,200, 3-month at $98,300, and 6-month at $97,000.</li><li>Bitcoin's current prices staying above these levels reduce the likelihood of widespread capitulation and panic selling.</li><li>Short-term investors are generally in profit, lessening the risk of forced selling, as per the data analysis.</li><li>A market is considered top-heavy when a large portion of recent buyers is at a loss, a situation currently not prominent in the Bitcoin market.</li><li>Analysts view the market as fundamentally supported and potentially poised for recovery or continuation with sustained demand.</li></ul>

Bitcoin Holds Above Key Cost Basis Levels, Limiting Top-Heavy Risk

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