$BTC ON-CHAIN SHIFT
š 60% ā ~27%
Bitcoin outputs that were underwater have fallen dramaticallyāfrom nearly 60% to around 27%.
Thatās a major shift in Bitcoinās on-chain structure.
But hereās the key point: less BTC in loss does NOT automatically mean fresh demand is entering the market.
š Key zones:
ā¢ ~$71.3K ā Active-supply cost basis
ā¢ ~$79.8K ā Invested-capital resistance
Bitcoin has absorbed a significant amount of market pain.
Now the question is:
Where does the next wave of demand come from?
š„ Fresh demand enters ā BTC could challenge higher resistance.
ā ļø Demand remains weak ā downside pressure could return.
The market absorbed the pain. Now it needs buyers.
$BTC
š 60% ā ~27%
Bitcoin outputs that were underwater have fallen dramaticallyāfrom nearly 60% to around 27%.
Thatās a major shift in Bitcoinās on-chain structure.
But hereās the key point: less BTC in loss does NOT automatically mean fresh demand is entering the market.
š Key zones:
ā¢ ~$71.3K ā Active-supply cost basis
ā¢ ~$79.8K ā Invested-capital resistance
Bitcoin has absorbed a significant amount of market pain.
Now the question is:
Where does the next wave of demand come from?
š„ Fresh demand enters ā BTC could challenge higher resistance.
ā ļø Demand remains weak ā downside pressure could return.
The market absorbed the pain. Now it needs buyers.
$BTC
