Bitcoin Current Position Is Sensitive, Glassnode Explains Why

Data from Glassnode shows that the current Bitcoin price is where the cost basis of a large number of coins lies. Here’s what this means.
780,000 BTC Was Acquired Near The Current Spot Prices
According to data from the on-chain analytics firm Glassnode, 4.6% of the entire circulating Bitcoin supply has its acquisition price near the current spot prices of the asset.
The relevant indicator here is the “entity-adjusted UTXO Realized Price Distribution (URPD),” which, in simple te