Mars Finance News, on August 1st, according to Sentora (formerly IntoTheBlock) data, currently only about 7.9% of Bitcoin's circulating supply is at a loss, indicating that the current price range up to $121,000 is an area with dense chips. If the price further retraces, the area around $105,000 may become the main support zone, where approximately 900,000 BTC of historical buying activity was concentrated.
Analysis: $105,000 may be the next key support area
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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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