Analysis: $105,000 Key Support Area for Next

By: theblockbeats.news|2025/08/01 10:41:50

BlockBeats News, August 1st, according to Sentora (formerly IntoTheBlock) data, currently only about 7.9% of Bitcoin's circulating supply is at a loss, indicating that the current price range up to $121,000 is a high concentration of underwater positions.

If the price further retraces, the area around $105,000 may become a key support zone, as this range has seen historical buying activity of approximately 900,000 BTC.

On the first day of the Hong Kong Stablecoin Regulation Ordinance coming into effect, some OTC stores have temporarily closed due to unclear regulations.The whale address that previously bought ETH for SharpLink withdrew 14,520 ETH from a CEX nearly 9 hours ago.

Analysis: $105,000 Key Support Area for Next

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