Analysis points to increased supply that could sell into price strength.
CryptoSlate posted data showing more Bitcoin in profit at recent price levels than during May. The source indicates this extra supply might sell if prices strengthen. Additional Bitcoin amounts are noted near breakeven for long-term holders. The linked analysis considers how demand from exchange-traded funds and macro pressures could influence September trading. The post highlights potential supply absorption challenges for any upward breakout.
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Analysis points to increased supply that could sell into price strength.
CryptoSlate posted data showing more Bitcoin in profit at recent price levels than during May. The source indicates this extra supply might sell if prices strengthen. Additional Bitcoin amounts are noted near breakeven for long-term holders. The linked analysis considers how demand from exchange-traded funds and macro pressures could influence September trading. The post highlights potential supply absorption challenges for any upward breakout.
CryptoSlate@CryptoSlate📊 DATA: At ~$77K, about 600,000 more BTC is sitting in profit than the last time Bitcoin traded here in May—roughly $47B of extra supply that could sell into strength. Above that, another ~1.05M BTC sits between $83K and $86K near long-term holder breakeven.
CryptoSlate@CryptoSlate📊 DATA: At ~$77K, about 600,000 more BTC is sitting in profit than the last time Bitcoin traded here in May—roughly $47B of extra supply that could sell into strength. Above that, another ~1.05M BTC sits between $83K and $86K near long-term holder breakeven.
