Bitcoin Holds Above Key Cost Basis Levels, Limiting Top-Heavy Risk

As of June 10, Bitcoin's spot price remains above the cost basis for cohorts ranging from one week to six months, indicating limited top-heavy risk.

Bitcoin is currently holding above key cost basis levels, which could be limiting top-heavy risk.

Bitcoin Price Above Key Cost Bases, Signaling Limited Top-Heavy Risk

As of June 11, Bitcoin’s spot price is remaining above the cost basis for cohorts ranging from one week to six months, according to Glassnode's cost basis breakdown.

The chart shared highlights BTC’s positioning relative to the “top buyer cost basis” threshold—a level that, when breached, typically signals increased sell pressure from short-term holders. However, with current prices remaining above these short-term averages, the likelihood of widespread capitulation appears low.

This suggests that short-term investors are still largely in profit, reducing the risk of forced selling or panic exits. The data also points to a healthier market structure compared to periods where prices drop below recent buyer cost bases, often triggering elevated volatility and broader downside pressure.

In Glassnode’s terminology, a market becomes “top-heavy” when a large concentration of new buyers is underwater. At present, that scenario appears contained.

With Bitcoin maintaining its position above these critical levels, analysts may interpret the current market as fundamentally supported, with room for recovery or continuation if broader demand resumes.

The post Bitcoin Holds Key Cost Basis Levels, Limiting Top-Heavy Risk appeared first on iHoDl.com.

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