Bitcoin reaches an all-time high above $107K

📊 Investor Cost Base Distribution (CBD) Analysis before this milestone:

Data from Glassnode's CBD tool reveals how investors are distributing and accumulating BTC at various price levels, reflecting strong confidence and demand that have driven this rally.

🔎 Detailed Supply Distribution:

$96K–$100K Range
There has been strong investor activity, showing significant demand and confidence as BTC is accumulated at these levels.

• $97K–$98K: The strongest accumulation cluster, with around 500K BTC held in this range.
• $99.3K: Provides the last key support level below $100K, with approximately 63K BTC concentrated in this region.

Above $100K Range
BTC supply thins out as the price surpasses $100K, though there remains steady accumulation demand:

• $101K–$102K: Investors have accumulated nearly 200K BTC, with around 60K BTC concentrated at $101.33K.
• $102.8K: Another notable level, with about 37K BTC, indicating continued demand at higher price levels.

📈 Chart Explanation:

• Black line: Bitcoin’s price gradually increases over time from $97K to new highs above $105K.
• Color in the chart: Represents the supply of BTC (accumulation clusters) at different price levels:
  • Red/Deep colors: Areas with large supply (strong accumulation clusters).
  • Green/Light colors: Areas with thinner supply.

Conclusion:

• The $97K–$100K range is currently a strong support zone, with a large accumulation cluster from investors.
• Above $100K, price levels like $101.33K and $102.8K could act as support or distribution zones as Bitcoin adjusts and consolidates at higher levels.

#COINMAP

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