#比特币投资者行为# An analysis of the latest data from Glassnode reveals a positive change in Bitcoin investor behavior. Between July 31 and August 4, approximately 120,000 BTC were accumulated at low prices, pushing the price back above $114,000. This indicates that a market bottom may be forming.



It is worth noting that the supply in the range of 110,000 to 116,000 USD remains low. If accumulation continues in this range, it is likely to lay the foundation for the next wave of increase. However, in the short term, the resistance level around 116,900 USD still needs to be broken, as this level represents the cost basis for recent new holders.

Overall, we are at a critical moment. If the price can continue to break through $116,900, it will confirm that the demand side has regained control; on the contrary, it may further test the support level of $110,000. It is recommended to closely monitor the capital flow and position changes in this range to provide important reference for determining future market trends.
BTC-0.08%
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