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Glassnode: The current price of BTC is above the short-term Holdings cost range. If a pullback occurs, there will be strong support.
On July 31, Glassnode stated, "The current price of BTC is still above the Holdings cost range of all short-term holder subgroups (24 hours to 3 months: $110,000 to $117,000). This price coincides with a low volume range, indicating that if a pullback occurs, there will be strong support."