Glassnode: BTC is currently at the lower end of the cost range for new entry funds, and has not yet formed an upward momentum signal.

According to Mars Finance, Glassnode, an on-chain data platform, published an article on its X platform stating that the current Bitcoin price is at the lower end of the funding cost range for new investors ($60,000-$70,000). Data shows that some accumulation of Bitcoin has occurred within this range, but the overall scale is still lower than the typical levels that historically drove strong rallies, indicating relatively weak accumulation density. While the current accumulation structure is constructive in form, it lacks strength and has not yet formed a clear upward momentum signal.