PANews reported on June 7 that on-chain analysis platform Glassnode published an article on the X platform stating that as BTC's recent turnover price is close to its historical high, the short-term holder cost basis provides key insights, and the current basis price is $97,100. In addition, the two key price thresholds of Bitcoin based on the standard deviation range are $114,800 (+1σ) and $83,200 (-1σ), respectively. Breaking through or falling below this range may determine the next major market trend.