Despite the recent pullback,
#bitcoin remains above most major short-term cost basis levels. As of June 11:
🔸1w CB: $106.2K
🔸1m CB: $105.2K
🔸3m CB: $98.3K
🔸6m CB: $97.0K
As most short-term holders are still in profit, the top-heavy risk seems limited.
