Intotheblock: 1.6 million addresses bought 1.57 million BTC at an average price of $97,200
according to Intotheblock, 1.6 million addresses have accumulated 1.57 million BTC at an average price of $97,200, which is currently forming a resistance level. As these holders are currently in a loss position, they may choose to sell when approaching breakeven point, thereby increasing selling pressure in market uncertainty and making it more difficult for BTC to break through the upside.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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