May 7, 2025

Bitcoin Faces Supply Pressure And Miner Sell-Off As Trading Week Ends

1 min read

As the trading week comes to a close, Bitcoin is hovering in the $63,000 to $64,000 range. A significant supply barrier has formed, with approximately 5.45 million addresses having acquired 3.03 million BTC between $64,300 and $70,800. This concentration of holdings at higher prices poses a risk of a steep

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Source: NullTx

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