#bitcoinshorttermholdersreach4.08mbtc
Bitcoin warning: Are new buyers losing their footing?
🌕 Short-term investor supply has reached 4.08M BTC (the highest since June), with an average purchase price between $82k and $86.9k.
💥 Cause for concern: profit margins are shrinking, and inflows to exchanges point to possible selling.
🔍 Two indicators to watch:
📈 MVRV (0.95 - 1.0): Far from major cycle peaks, but a correction is possible.
⚠️ SOPR: Near breakeven; a drop below 1.0 means mounting loss-taking and selling pressure.
🎯 Key levels: Support between $82k and $86.9k; a break below $74.9k would intensify selling pressure, but a crash is not inevitable.
👀 My view: Watch prices carefully and don’t rely on a single indicator.
👇 Personal analysis, not investment advice.
#crypto $BTC $CL $BZ
Bitcoin warning: Are new buyers losing their footing?
🌕 Short-term investor supply has reached 4.08M BTC (the highest since June), with an average purchase price between $82k and $86.9k.
💥 Cause for concern: profit margins are shrinking, and inflows to exchanges point to possible selling.
🔍 Two indicators to watch:
📈 MVRV (0.95 - 1.0): Far from major cycle peaks, but a correction is possible.
⚠️ SOPR: Near breakeven; a drop below 1.0 means mounting loss-taking and selling pressure.
🎯 Key levels: Support between $82k and $86.9k; a break below $74.9k would intensify selling pressure, but a crash is not inevitable.
👀 My view: Watch prices carefully and don’t rely on a single indicator.
👇 Personal analysis, not investment advice.
#crypto $BTC $CL $BZ