✉news BusinessCrypto first seen 16 h ago, last 1 h 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, while excess leverage in the derivatives market has been cleared out. The zone is being watched closely as a potential marker for whether the current price level holds or gives way. Traders see the flushing of leveraged positions as a reset that could set the stage for Bitcoin's next directional move.
Why now: Traders and analysts are watching a key long-term holder supply level after a leverage reset, with implications for Bitcoin's next move.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/377289