Glassnode: Bitcoin finds support at short-term holder cost basis, open interest across the network accumulates again
According to ChainCatcher, Glassnode shared that bitcoin has found support at the short-term holder (STH) cost basis, while the reduced selling pressure from ETFs and long-term holders (LTH) has brought stability to the market. Options have reset after expiry, open interest (OI) is accumulating again, volatility has eased, and capital flows are leaning towards a cautious bullish outlook for the fourth quarter.
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