Bitcoin hits new Dip , holds over $41 billion in investments

PANews on May 19 reported that TinTucBitcoin based on Glassnode's IOMAP indicator shows that investors have bought a total of 27,976 Bit in the past week, valued at over $2.88 billion, reducing circulating supply to around 3 million. The IOMAP indicator reveals that TRON has formed a strong support zone from $102,886 to $99,894, where investors have accumulated over 398,590 RON, valued at more than $41 billion. This support zone is considered a strong buying area, with many investors deciding to continue holding and wait for price increases. Although the price dropped 3.3% today, strong demand makes a further significant decline unlikely. Previously, TRON reached $107,108, expected to surpass the $105,000 threshold in the future, forming consolidation above $102,734, creating a premise for further growth. However, if long-term investors choose to take profits, TRON could drop below the $102,734 support and retreat to around $100,000. The current market sentiment remains optimistic, and investor accumulation activities could bring TRON close to its historic high of $109,588, only about 6.5% away.