Bitcoin Finds Support at Short-Term Holder Cost Basis, Network-Wide Open Interest Reaccumulates

BlockBeats News, October 2nd, Glassnode published an article stating that Bitcoin found support at the Short-Term Holder (STH) cost basis, with ETF and reduced selling pressure from Long-Term Holders (LTH) bringing stability to the market.

Options completed a reset after expiry, open interest (OI) re-accumulated, volatility eased, and fund flows tended towards a cautious bullish stance for the fourth quarter.