Glassnode: Bitcoin May Face Further Downside if Price Drops Below $88,000

BlockBeats News, January 10, Glassnode posted on Platform X stating: "The Short-Term Holder Cost Basis ($88,000) remains a key level to assess Bitcoin's price momentum. By using the URPD indicator, it can be observed that there is less volume of transactions below the Short-Term Holder Cost Basis, indicating that breaking below this level could lead to further downside momentum."