🚨 $BTC STALLS AT $80K AS LONG-TERM HOLDERS UNLOAD INTO WEAK DEMAND! 🔴
$BTC is grinding hard against the $80,000 resistance block, but on-chain data shows long-term holders are quietly locking in profits. 📊 Long-term holder SOPR recently spiked to 1.48 as older coins shift across the network, testing whether fresh liquidity can absorb the distribution. 🌊
At the same time, US spot demand is struggling to show strong conviction, with premium indicators lingering in negative territory despite recent minor improvements. ⚡ Until spot buyers step in with real volume to flip this overhang, momentum remains capped beneath supply. 💡
Will buyers find the aggression needed to absorb this selling pressure, or are we looking at a deeper retest? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BTC #Bitcoin #OnChain #Crypto
👁️ 🛡️
$BTC is grinding hard against the $80,000 resistance block, but on-chain data shows long-term holders are quietly locking in profits. 📊 Long-term holder SOPR recently spiked to 1.48 as older coins shift across the network, testing whether fresh liquidity can absorb the distribution. 🌊
At the same time, US spot demand is struggling to show strong conviction, with premium indicators lingering in negative territory despite recent minor improvements. ⚡ Until spot buyers step in with real volume to flip this overhang, momentum remains capped beneath supply. 💡
Will buyers find the aggression needed to absorb this selling pressure, or are we looking at a deeper retest? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BTC #Bitcoin #OnChain #Crypto
👁️ 🛡️
