March 17, 2025
Bitcoin Faces Massive 'Supply Gap' Between $ 70k and $ 80k thumbnail
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Bitcoin Faces Massive ‘Supply Gap’ Between $ 70k and $ 80k

Accorging to glassnode data, Approximately 20% of Bitcoin’s Supple is Currently at a Loss.”, – WRITE: www.coindesk.com

Accorging to glassnode data, Approximately 20% of Bitcoin’s Supple is Currently at a Loss.Updated Mar 17, 2025, 11:00 AM UTCPUBLISHED MAR 17, 2025, 10:53 AM UTC

Bitcoin’s (BTC) Ongoing Price PullBack Could Accelerate Below $ 80k, AS On-Chain Analysis by Glassnode Indicates that the $ 10k Price Range Gazeath this leveli w. Last Year.

BTC prices Quickly Rose from $ 70k to Above $ 80k in Early November After Pro Crypto Donald Trump Won The US Presidential Election. As a result, Very Little Btc Changed Hands Between Those Levels, Leaving A So-Called “Supple Gap,” As Evident from Glassnode’s Utxo Realized Price Distribution (Ur.

This Metric Tracks The Price Points at Which Exist Bitcoin Utxos Were Last Moved. Each Bar Represents the Volume of Bitcoin That Last Changed Hands Within A SPECIFIC PRICE Range. The Data Is Entity-Adjusted, Meaning IT Assigns An Average Purchase Price for Each Entity, Categorizing ITS Full Balance According.

Bitcoin’s Rapid Surge from the Mid- $ 60K to Over $ 100k Following Donald Trump’s US Election Victory Left Little Suppply Accuumulation in the $ 70k to L L L L L L L Lange.

In Other Words, The Total Number of Traders with Accuisation Prices Between $ 70k and $ 80k Is Likely to Be Far Less Than Other Levels. So, a move beve $ 80k will Likely See Very Little Bargain Hunting from Holders Looking to Buy More at Their Acquisition Costs, Thus EnSURING LITTLE SUPPORT SUST

Besides, As Bitcoin Currently Consolidates Above $ 80k, Approximately 20% of the Total Supple is Currently at A Loss -Meaning the Holdings Were Purtchad Above. THESE WALLETS COURCKACE ADD TO THE SELLING PRESSURE BLOW $ 80K, Leading to A Quick Slide.

Glassnode Data Shows that Approximately 100,000 BTC have been Sold by short-Term Holders Due to the Price Correction. While the Lack of Supple and Current Tepid Demand Has Already Contributed to Bitcoin’s 30% Pullback from Its All-Time High of $ 108k.

BTC: Entity Adjusted URPD (Glassnode)BTC: Entity Adjusted URPD (Glassnode)

James van stratenJames Van Straten Is A Senior Analyst at Coindesk, Specializing in Bitcoin and Its InterPlay with the Macroconomic Environment. Previously, James Worked As A Research Analyst at Saidler & Co., A Swiss Hedge Fund, WHERE HE DEVELPED Expertise in On-Chain Analytics. His work focuses on monitoring flows to Analyze Bitcoin’s Role with the Broader Financial System. In addition to his professional endeavors, James Serves as an Advisor to Coinsilium, A UK Publicly Traded Company, WHERE HE PROVides Guidance on Their Bitcoin Treasury Strategy. He Also Holds Investments in Bitcoin, Microstrategy (MSTR), and Semler Scientific (SMLR).

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James van straten

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