{"id":23616,"date":"2025-04-24T16:16:36","date_gmt":"2025-04-24T16:16:36","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=23616"},"modified":"2025-04-24T16:16:36","modified_gmt":"2025-04-24T16:16:36","slug":"why-bitcoin-reclaiming-92900-could-be-a-pivotal-moment-glassnode","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=23616","title":{"rendered":"Why Bitcoin Reclaiming $92,900 Could Be A Pivotal Moment: Glassnode"},"content":{"rendered":"<div>\n<p><strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) has briefly reclaimed the Short-Term Holder (STH) Cost Basis of $92,900, a key on-chain level that historically separates bullish and bearish market regimes, according to a <strong>Glassnode <\/strong>report on Thursday.<\/p>\n<p>The price hit $94,700 this week, following optimism around potential <a href=\"https:\/\/www.benzinga.com\/markets\/25\/04\/44944580\/trump-says-tariffs-could-replace-income-tax-experts-warn-the-math-doesnt-work\">tariff relief between the U.S. and China<\/a>.<\/p>\n<p><strong>What Happened: <\/strong>Glassnode <a href=\"https:\/\/insights.glassnode.com\/the-week-onchain-week-16-2025\/?utm_campaign=WoC_16_25&amp;utm_medium=email&amp;utm_source=newsletter\">emphasizes<\/a> that the STH Cost Basis functions as a market pivot, when Bitcoin trades above it, sentiment and price trends tend to improve; when below, the market is often under distribution.<\/p>\n<p>&#8220;A sustained break above this price model has marked the transition between bearish corrections and renewed bullish sentiment,&#8221; the &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/04\/44987075\/why-bitcoin-reclaiming-92900-could-be-a-pivotal-moment-glassnode\" alt=\"Why\" bitcoin reclaiming could be a pivotal moment: glassnode>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (CRYPTO: BTC) has briefly reclaimed the Short-Term Holder (STH) Cost Basis of $92,900, a key on-chain level that historically separates bullish and bearish market regimes, according to a Glassnode report on Thursday. The price hit $94,700 this week, following optimism around potential tariff relief between the U.S. and China. What Happened: Glassnode emphasizes that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-23616","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/23616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23616"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/23616\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}