Glassnode analyzed that if BTC price falls below $95,600, preparations should be made for additional declines. Glassnode stated, "Currently, there are about $1.47 billion in realized profit selling pressures. In particular, profit-taking is prominent among buying groups near $25,000-$31,000 and near $60,000-$73,000. These groups are causing supply surplus issues and are considered factors suppressing short-term further increases."
Glassnode: "BTC Expects Further Downside If It Breaks Below $95,600"
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