Data: Currently, about 1.87 million addresses have accumulated approximately 730,000 BTC in the range of $41,200 to $42,400
According to data revealed by on-chain analyst Ali, the Bitcoin price has fallen below a key supply zone. Within the current price range of $41,200-$42,400, there are 1.87 million addresses holding a total of 730k BTC; if the market continues to slump, these holders may choose to sell off their holdings to minimize losses. If selling pressure increases, the next demand zone could be in the $37,500-$38,700 range where currently about 1.28 million addresses hold approximately 553k BTC.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget launches perpetual contracts for Hon Hai and MediaTek, two popular Taiwanese stocks
Vanguard embraces Metaplanet, Ark Invest heavily invests in Circle
WTI rises above $100.00 amid Israeli election deadlock, Saudi infrastructure attack
Australia faces rising inflation risks as RBA faces further tightening pressure at next week's policy meeting
Reserve Bank of Australia (RBA) Governor Michele Bullock stated at a Senate committee hearing on Wednesday that some international and domestic upside risks to inflation have already emerged or are emerging, which could result in inflation being higher than the central bank’s baseline scenario for August.
Crypto prices
More
