[glassnode: Bitcoin may drop to $88,000 if it fails to hold $113,000] On October 30, glassnode stated that the on-chain market structure of Bitcoin indicates that the adjustment and reorganization phase is still ongoing. Bitcoin has failed to maintain the short-term holder cost price (around $113,000), momentum is weakening, and both short-term and long-term investors continue to sell off. Market demand is nearing saturation, and it may take longer for consolidation to rebuild confidence. If Bitcoin cannot regain stability at $113,000, it may further decline to the realized price of active investors (around $88,000). Additionally, glassnode pointed out that if the Federal Reserve's actions deviate from expectations, the temporary stability of the market may become fragile.