1/ Cost Basis Distribution (CBD): A Key Insight for Investors CBD measures the total Bitcoin supply held by addresses with an average cost basis within specific price ranges. Key Observations: - A dense cluster of supply exists between $88.1K-$103K. - Since mid-December, we've been hovering near the lower band ($88.1K). $98K buyers remain notably resilient despite market fluctuations. - This region acts as a critical zone of interest for price action. 📊 https://glassno.de/4iWs04a 2/ The Air Gap: $70K-$88.1K Above the dense cluster lies an "Air Gap" between $70K-$88.1K – an area with significantly lower supply concentration. 📉 Implication: If the market enters a prolonged price contraction phase, this zone could act as a bottom discovery region, attracting new buyers eager to accumulate Bitcoin at a relative discount. Keep a close eye on these levels—they hold the key to market resilience or deeper corrections. 📊 https://glassno.de/4iWs04a