Bitcoin finds support at the short-term holder cost basis, with the total open contracts on the network accumulating again

ChainCatcher message, Glassnode shared that Bitcoin is supported at the cost basis of short-term holders (STH), with the ETF and the reduced selling pressure from long-term holders (LTH) bringing stability to the market. Options have completed their reset after expiration, open interest (OI) is re-accumulating, volatility is easing, and capital flows are leaning towards a cautious bullish outlook for the fourth quarter.