After a pullback of 80,000 USD for BTC, new changes have appeared on-chain, and this position may need to hold.

[Chain News] Glassnode recently posted an interesting observation on X: After BTC's pullback to just over 80,000 dollars, the on-chain cost basis distribution has shown a significant change.

In simple terms, this price range has formed a new accumulation zone. From the heatmap, the density has already ranked among the thickest bands — this usually means there is a large amount of capital accumulating at this position.

If we follow this logic, the area above $80,000 is likely to form a solid support. After all, the cost line for the recent batch of buyers entering is right here, and they will most likely choose to defend the market at this position.

Of course, on-chain data is just one reference dimension, but the accumulation of cost basis is indeed a signal worth paying attention to—especially in volatile market conditions, this structural change often reveals market sentiment and capital flows.