Svmuu News According to a post by on-chain data platform Glassnode on X, the current Bitcoin price is temporarily hovering near the lower bound of the cost basis range for new investors (between $60,000 and $70,000). Data shows that some accumulation of holdings has occurred within this range, but the overall scale remains below the typical levels historically associated with driving strong rebounds, indicating relatively weak concentration of holdings. Glassnode points out that while the current accumulation structure is constructive in form, it remains insufficient in intensity and has not yet formed a clear signal of upward momentum.