Analysis: Bitcoin is located at the lower bound of the new buyer cost basis range, and upward momentum has not yet clearly formed

BlockBeats News, March 29, Glassnode stated in a post that Bitcoin is currently at the lower bound of the New HODLer Cost Basis range ($60,000 to $70,000). Supply accumulation within this price range is noticeable, but compared to historical precedents that have driven strong recoveries, the current on-chain cluster's density is relatively low. Morphologically, the current accumulation structure is constructive, but lacks strength and has not yet formed a clear upward momentum signal.