PANews reported on August 1st that Sentora (formerly IntoTheBlock) analyzed on X platform: "Currently, 7.9% of Bitcoin's circulating supply is at a loss, indicating a significant accumulation of chips between the current price and $121,000. If the pullback intensifies, the main support area may form around $105,000, where approximately 900,000 Bitcoins were historically acquired."
Analysis: Currently 7.9% of Bitcoin's circulating supply is in deficit, with support at $105,000 in focus.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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