$BTC Glassnode: Since mid-November, 🪙BTC has fallen below the 0.75 quantile, putting >25% of supply underwater.

This leaves the market in a fragile balance between top-buyer capitulation risk and seller-exhaustion bottom formation.

At $93K, price remains highly sensitive to macro shocks until the market can reclaim the 0.75 quantile ($95.8K) and then the 0.85 quantile (~$106.2K).

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BTC
BTCUSDT
92,208.1
-1.20%