Analysis: $105,000 may be the next key support zone

On August 1, according to Sentora (formerly IntoTheBlock) data, currently only about 7.9% of the circulating supply of Bitcoin is in a loss state, indicating that a large amount of chips are concentrated in the current price range of $121,000. If the price further pulls back, around $105,000 may become the main support area, where historical buying behavior has gathered about 900,000 BTC.

BTC-1.72%
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