Analysis: $105,000 Key Support Area for Next
BlockBeats News, August 1st, according to Sentora (formerly IntoTheBlock) data, currently only about 7.9% of Bitcoin's circulating supply is at a loss, indicating that the current price range up to $121,000 is a high concentration of underwater positions.
If the price further retraces, the area around $105,000 may become a key support zone, as this range has seen historical buying activity of approximately 900,000 BTC.
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