Data: Currently, only 7.9% of Bitcoin's circulating supply is at a loss, with $105,000 potentially serving as a key support level
According to ChainCatcher, data from Sentora shows that currently only about 7.9% of the circulating supply of Bitcoin is in a loss position, indicating that a large number of coins have been accumulated within the current price range up to $121,000.
If the price undergoes a further correction, the area around $105,000 may become a major support zone, as approximately 900,000 BTC were historically purchased in this range.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethena TVL Surpasses $10 Billion, USDe TVL Up 62.85% in the Past 30 Days
Opinion: BTC Will Bottom Out Today or Monday, One-Year Target Price Set at $200,000 to $250,000
BAYC #7940 Sold Today for 666 ETH
SEC Cryptocurrency Working Group to Hold 10 Roundtable Meetings Across the United States
