Bitcoin’s Supply Distribution Highlights Key Market Zones
- Approximately 61% of Bitcoin supply was acquired below the current spot price.
- Investor activity is concentrated between $65,000 and $70,000, indicating a potential support zone.
- A resistance level is expected between $90,000 and $95,000 due to previous purchase activity.
- The $85,000 zone shows high transaction volume but lacks technical significance.
- An “air pocket” above $75,000 suggests limited trading barriers in this range.
The analysis of Bitcoin’s supply distribution reveals critical market zones that may influence its trajectory in the near term. Despite a bear season, a significant portion of Bitcoin holders remain in profit, which often suggests a stable market structure.
With Bitcoin currently trading at $71,535 and showing positive momentum over the past week, these identified zones could play a crucial role in guiding future price movements. Source
