Data: Bitcoin supply is concentrated above $80,000, creating ongoing resistance for the price
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
According to ChainCatcher, glassnode has concluded through the latest Bitcoin short-term holder Cost Basis Distribution (CBD) heatmap that the consolidation of Bitcoin price in the $80,000 to $95,000 range is due to a concentration of supply above this level, which forms resistance for the cost basis of recent buyers.
0
0
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.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now！
You may also like
S&P says Meta may reach the AA- downgrade threshold as early as 2027
智通财经•2026/10/30 21:26
S&P forecasts that Meta Platforms will fill its free cash flow gap with debt by 2028
智通财经•2026/10/30 21:26
Crypto prices
More
Bitcoin
BTC
$76,827.41
-2.52%
Ethereum
ETH
$2,233.37
-1.62%
Tether USDt
USDT
$0.9985
+0.01%
BNB
BNB
$698.78
-0.57%
XRP
XRP
$1.25
+0.33%
USDC
USDC
$0.9997
+0.00%
Solana
SOL
$95.7
-1.57%
TRON
TRX
$0.3279
-6.71%
Hyperliquid
HYPE
$89.4
-2.98%
Zcash
ZEC
$1,241.51
-0.81%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now