Approximately 7.9% of Bitcoin’s circulating supply is currently held at a loss, suggesting the potential for further downward price pressure.
However, significant support appears to be forming for the cryptocurrency around the $105,000 price level. Analysis indicates around 900,000 BTC were previously acquired near this price point, establishing a major historical support zone.
For investors navigating market volatility, strategies like Dollar-Cost Averaging (DCA) and implementing stop-loss orders can help manage risk during price fluctuations.
Despite potential short-term weakness, Bitcoin has demonstrated resilience throughout its history, often recovering from significant corrections to achieve new all-time highs.
Long-term growth factors, including scheduled halving events reducing new supply and ongoing adoption trends, continue to support Bitcoin’s development beyond immediate price movements.