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Chart of The Week: Cost Basis Distribution (CBD) Heatmap

Glassnode · · 06:42 · Watch on YouTube

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BTC near publication: $71,6124-hour candle close · 13 Mar 2026, 08:00 UTC · BTC/USDT

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  • Next weeks (next 2–6 weeks): Waiting on a level: try watching for these two conditions in coming weeks and be vigilant because these two conditions can evolve over time ▶ 06:15

If this, then that

  • If Short-term holder cluster densifies to 80-90% of supply and price breaks above the higher band of the cluster, then 78k (next months): conditions would meaningfully shift the probability towards a either bear market bounce back. It could be all the way to true market mean, which is around 78,000. ▶ 05:05

Levels named

  • 78k: Target (True market mean as a possible bounce target if both conditions are met): conditions would meaningfully shift the probability towards a either bear market bounce back. It could be all the way to true market mean, which is around 78,000. ▶ 05:05
  • 62–72k: Support (Short-term holder cost basis cluster building since early February, still thin): market have been mostly um developing a cluster between 62,000 all the way to 72,000. ▶ 03:10

Their own position: Not said.