glassnode： If BTC falls below $72000, it may face greater downside risk According to GlassNode analysis, the price of Bitcoin has fallen below two important long-term moving averages - the 111 day moving average (93K) and the 200 day moving average (87K), and has also dropped to the 365 day moving average (76K). These moving averages are usually considered important support levels in the market, and a current drop below them may indicate a change in market sentiment. The cost price for short-term holders is about 93K, and the price of Bitcoin is currently fluctuating within the range of $131K to $72K, but it is close to the testing lower limit of 72K. If it falls below this level, it may undermine short-term investor confidence and lead to further price declines. In addition, Bitcoin has deeper support zones around $65K and $71K, but these positions are in low liquidity areas. If the price falls into this range, it may cause significant volatility and attract long-term investors to buy at the bottom.