Recent on-chain analysis reveals a significant supply constraint in the Bitcoin market, with 7.9% of its circulating coins currently held at a loss. This deficit indicates tightening availability and reduced selling pressure as long-term holders accumulate positions.
Market analysts identify $105,000 as a critical technical support threshold for Bitcoin’s price stability. Sustaining this level is deemed essential for preserving bullish momentum, as it represents a concentration zone where buyer demand historically intensifies.
The convergence of declining active circulating supply and this key price floor creates crucial market dynamics. These metrics collectively suggest heightened scarcity conditions and offer important signals for Bitcoin’s near-term trajectory amid current investor sentiment assessments.