$BTC

Bitcoin investors have been alerted to a potential market trend reversal as the cryptocurrency approaches a critical price level. On-chain analytics firm Glassnode reported that $88,135, the short-term holder (STH) cost-basis, serves as a crucial threshold for gauging new investor sentiment.

Currently, Bitcoin is trading approximately 7% above this level, but a drop and stabilization below $88,135 could indicate waning confidence among short-term holders, potentially triggering a shift in market trends.