18 hour ago
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Bitcoin Faces Volatility as Supply in Profit Stalls at 71%
Bitcoin is experiencing volatility around the $90,000 level, with bulls trying to defend this critical zone. Traders remain cautious, viewing bounces as potential traps rather than signs of recovery.
- Market analyst Darkfost indicates a need for more investors in profit to support a bullish trend.
- The market requires a 75% supply-in-profit threshold to stabilize; it currently stands at 71%.
The recent price rebound briefly reached the 75% mark but didn't hold, suggesting investors used the opportunity to exit positions. Sustaining above 75%-80% would indicate stabilization, while further declines may trigger panic selling.
Bitcoin's market structure has weakened after failing to maintain support levels post-correction, now consolidating around $90,000.
- Resistance persists at $92,000–$95,000, with selling pressure active near previous breakdown areas.
- Volume shows higher activity during selloffs, indicating uncertainty.
Bulls need to maintain the $88,000–$90,000 range and reclaim $92,000 with confidence to avoid further instability.
