✉news BusinessCrypto first seen 9 h ago, last 9 min ago, peak #5
Bitcoin tests long-term holder supply zone as leverage unwinds
Original: Bitcoin tests long-term holder supply cluster as leverage clears, analysts say
Analysts say Bitcoin is testing a key supply cluster held by long-term holders as excess leverage continues to clear from the market. The price action near this zone is being watched closely, since heavy selling from long-term holders has historically marked turning points. Traders are assessing whether the market can absorb the supply or faces further downside pressure.
Why now: Bitcoin's price is pressing against a significant long-term holder supply level while leveraged positions are flushed out, making it a focal point for traders.
Rank over time, top of the chart is #1. 2 snapshots from 1 h ago to 9 min ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/377289