#AirdropSafetyGuide $USDC zone above this area opens the door for a swift move higher.“The price has recently surged above both key technical levels and is now attempting to consolidate within this zone,” Glassnode said in its latest Week Onchain report.The market intelligence firm referred to the 111-day simple moving average (SMA) at $91,300 and the short-term holder (STH) cost-basis at $93,200. Bitcoin reclaimed these levels in the recent upward swing, highlighting the degree of strength behind the move.“These are levels that must be broken and held for further price appreciation, as a rejection of this level would push the price back into bearish territory, and return many investors to a state of meaningful unrealized loss.”BTC/USD chart showing STH cost basis and 111-day SMA. Source: