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Glassnode: The key support level for Bitcoin is around $117,000, with approximately 190,000 BTC bought at this price level.
BlockBeats news, on October 7, Glassnode posted on social media stating that Bitcoin's cost distribution data shows weak support in the range of $121,000 to $120,000, while there is a key accumulation area near $117,000, where approximately 190,000 BTC were bought at that price level. If the price pulls back to this level, recent buyers may actively defend this support area, leading to new buying demand.