glassnode: Bitcoin Short-Term Holders in Loss, Facing Resistance in $113.6k-$115.6k Range

BlockBeats News, on August 28, glassnode posted on social media, stating, "Bitcoin's current trading price is below the cost basis of 1-month and 3-month holders (which are $113,600 and $115,600 respectively). With short-term holders at a loss, a potential price rebound may face resistance as these investors might choose to sell and exit at breakeven points."