The week’s most interesting data story

Locating Bitcoin’s bounce zoneOn-chain data points to a critical support zone between $95,500 and $98,000, aligning with the cost basis of short-term holders. Since April, every correction has bounced near this level, suggesting it may be Bitcoin’s emerging floor. While short-term holder profits are thinning (STH-MVRV sits at just 0.03, according to Glassnode analysts), the level has held firm so far — a sign that conviction remains, even under pressure.