After months of steady rise to record high, bitcoin’s (BTC) pulse has slowed, with BTC changing hands above $111,000 Friday afternoon, Hong Kong time, up 2% over the last week according to CoinDesk market data. The pullback from the recent peak of over $126,000 is marked by momentum faltering below key cost-basis levels, with capital leaving the spot market and ETFs, alongside defensive options positioning. In a recent report, Glassnode frames the repeated breakdowns below key quantiles as evidence of ma ...