Analysis: Currently 7.9% of Bitcoin's circulating supply is in deficit, with support at $105,000 in focus. | PANews

Analysis: Currently 7.9% of Bitcoin's circulating supply is in deficit, with support at $105,000 in focus.

According to PANews on August 1st, Sentora (formerly IntoTheBlock) published an analysis on the X platform stating: "Currently, 7.9% of Bitcoin's circulating supply is in deficit, indicating a large-scale accumulation of chips between the current price and $121,000. If the pullback intensifies further, the main support area may form around $105,000. Historically, approximately 900,000 Bitcoins have been acquired around this price."

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Author: PA一线

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