【BlockBeats】The latest release of the on-chain data team’s Bitcoin short-term holder cost basis distribution heatmap has once again attracted attention. Data shows that the repeated oscillation of Bitcoin between $80,000 and $95,000 is not accidental—the supply concentrated above has become the biggest obstacle to a price breakthrough.
From the heatmap, every time the price attempts to break upward through this range, it encounters strong resistance from supply. Multiple rebounds get stuck here, causing the price to stumble. Interestingly, despite the pullback, interest from new buyers is actually warming up, indicating that the market’s bottom support is strengthening.
The key question is: can $80,000 hold? If demand continues to accumulate chips, a breakout becomes possible. Conversely, this range will continue to be a battleground between bulls and bears. For now, both sides are still fighting, and whoever tires first will have to concede.
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Is Bitcoin cooling off in the $80,000-$95,000 range? On-chain data reveals the supply pressure above
【BlockBeats】The latest release of the on-chain data team’s Bitcoin short-term holder cost basis distribution heatmap has once again attracted attention. Data shows that the repeated oscillation of Bitcoin between $80,000 and $95,000 is not accidental—the supply concentrated above has become the biggest obstacle to a price breakthrough.
From the heatmap, every time the price attempts to break upward through this range, it encounters strong resistance from supply. Multiple rebounds get stuck here, causing the price to stumble. Interestingly, despite the pullback, interest from new buyers is actually warming up, indicating that the market’s bottom support is strengthening.
The key question is: can $80,000 hold? If demand continues to accumulate chips, a breakout becomes possible. Conversely, this range will continue to be a battleground between bulls and bears. For now, both sides are still fighting, and whoever tires first will have to concede.