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Glassnode: Bitcoin has fallen below the 0.75 cost basis percentile, bear market signals are emerging.
According to Mars Finance, Glassnode stated on the X platform that Bitcoin has fallen below the 0.75 cost basis percentile, a level that historically marks the beginning of a Bear Market. Across multiple cycles, reclaiming and maintaining above this level has always been key to restoring long positions. The bulls would hope to see the price regain this level.