Analysis: Bitcoin could fall to $105K

DeFi analytics layer Sentora (formerly IntoTheBlock) reported on X that 7.9% of Bitcoin’s (BTC) circulating supply is currently at a loss, suggesting that a significant amount of accumulation took place between the current price and $121,000. Sentora also noted that if the price continues to fall, a major support zone could form around $105,000 where approximately 900,000 BTC was previously acquired.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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