Glassnode: BTC Price Above Short-Term Holder Cost Range, Strong Support Expected on Pullback

BlockBeats News, July 31, Glassnode stated in a post that "The current BTC price is still above the holding cost range of all short-term holder subgroups (24 hours to 3 months: $110,000 to $117,000). This price coincides with a low transaction volume range, indicating that if a pullback occurs, there will be strong support."