BTC trading around 77,000, and Glassnode data is noteworthy: at this price level, 68% of circulating supply is in profit—3 percentage points more than at the same spot in May. That’s equivalent to about 600,000 BTC. The profit positions worth $47 billion could potentially be taken off at any moment.
Want to push toward 80,000? First you need to chew through the selling pressure of that $47 billion. In the short term, it’s likely to continue ranging and whipsawing; it’s also possible to dip back first to build strength. But on the other hand, if all these profitable holdings can’t push the price down, then once it breaks and holds above 80,000 on increased volume, that would be a true breakout—and the upside space will open up immediately.
Stay patient, don’t chase; wait for a confirmed signal.
#比特币 #行情分析
$BTC
Want to push toward 80,000? First you need to chew through the selling pressure of that $47 billion. In the short term, it’s likely to continue ranging and whipsawing; it’s also possible to dip back first to build strength. But on the other hand, if all these profitable holdings can’t push the price down, then once it breaks and holds above 80,000 on increased volume, that would be a true breakout—and the upside space will open up immediately.
Stay patient, don’t chase; wait for a confirmed signal.
#比特币 #行情分析
$BTC