Bitcoin Falls Below Glassnode’s $75,600 Holder Cost Basis
Glassnode flags weakening Bitcoin momentum as ETF outflows and a sharp stablecoin contraction coincide with a weekly price decline.
Glassnode flags weakening Bitcoin momentum as ETF outflows and a sharp stablecoin contraction coincide with a weekly price decline. Bitcoin (BTC) is trading at $74,434.00, down 0.2% since this brief published. This is an original TLT brief based on reporting by Crypto Economy, with live market data added, as of Wed, 11 Nov 2026 21:45:02 UTC.
Bitcoin trading below the cited short-term holder cost basis may indicate reduced market support, while ETF outflows and shrinking stablecoin supply point to weakening liquidity conditions.
- Bitcoin remains below Glassnode’s $75,600 short-term holder cost basis
- US spot ETFs recorded $1.6 billion in recent net outflows
- Stablecoin supply posted its sharpest 30-day contraction since June 2022
- BTC is down 6.71% over seven days amid a Fear reading of 29
- Eric Balchunas Highlights Bitcoin ETF Cost Basis Analysis
- Glassnode Analysis: $85K Bitcoin Cost Basis Could Impede Price Recovery
- Schiff Marks Saylor Bitcoin Treasury’s Return to Cost Basis
- Bitcoin falls below $74,400 as ETF outflows pressure sentiment
- Bitcoin liquidity risk rises as price falls below $75K
- Below-cost Bitcoin transfers dominate exchange inflows
- Bitcoin Falls Below Glassnode’s $75,600 Holder Cost Basis — this brief
Glassnode’s latest report describes 
Bitcoin momentum as weakening after the asset traded below the short-term holder cost basis of $75,600. The report also cites $1.6 billion in cumulative net outflows from US spot ETFs in recent weeks, according to Crypto Economy’s summary of the analysis.
Liquidity indicators moved in the same direction. Glassnode reported that the stablecoin supply experienced its largest 30-day contraction since June 2022, a decline presented alongside the Bitcoin pullback and ETF outflows as evidence of diminished market momentum.
Live market data show Bitcoin at $74,548, up 0.91% over 24 hours but down 6.71% over seven days. Its market capitalization stands at $1.5 trillion, while the broader crypto market is flat with a total capitalization of $2.54 trillion. The Fear & Greed Index is at 29, placing sentiment in the Fear category.
The current price remains below the cited $75,600 cost-basis level, while the recent ETF and stablecoin readings show pressure across trading activity and available on-chain liquidity. The report points investors to those measures as potential areas for monitoring; it does not establish when Bitcoin might move above or below that level again.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from $74,548.00 to $74,434.00 — -0.15%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₦104.31M (about $74,434.00), up 0.9% over 24 hours. The naira itself trades about 3.8% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Bitcoin Falls Below Glassnode’s $75,600 Holder Cost Basis — questions & answers
What signals does Glassnode cite for weakening Bitcoin momentum?
Glassnode cites Bitcoin trading below the $75,600 short-term holder cost basis, $1.6 billion in recent US spot ETF net outflows, and a sharp contraction in stablecoin supply.
How large was the reported stablecoin contraction?
Glassnode’s report described it as the largest 30-day contraction in stablecoin supply since June 2022, without providing a dollar amount in the supplied summary.
Where do Bitcoin and market sentiment stand now?
Bitcoin trades at $74,548, up 0.91% over 24 hours but down 6.71% over seven days. The Fear & Greed Index stands at 29, indicating Fear.
How much is 1 Bitcoin worth in naira today?
About ₦104.31M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $74,434.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.15% since this brief first published — trading at $74,434.00 now versus $74,548.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Crypto Economy. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.