Bitcoin (BTC) has fallen into what Glassnode calls the “pain zone,” at one point reaching the area with the largest supply concentration on the on-chain chart, between $60,000 and $63,000.

According to Glassnode, its weekly on-chain reports have flagged warning signs for several weeks, including low-volume rebounds and weakening demand.

Glassnode also noted the dense supply cluster below Bitcoin’s price in these reports.

Source: https://tintucbitcoin.com/btc-cham-vung-tap-trung-nguon-cung-lon-nhat-tai-60-000-63-000-usd/

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