$BTC HOLDERS ARE SELLING INTO THE RALLY – HERE'S THE KEY LEVEL TO WATCH 🔥
Long-term-holder realized loss has declined from its peak two weeks ago, suggesting the strongest selling pressure may be easing. But spot demand remains tentative – U.S. spot Bitcoin ETFs saw only $181M and $108M in inflows on the last two days, and derivatives unwinding hasn't translated into sustained buying.
The real test sits at $69,000, the break-even level for recent short-term holders. After spending five months below key cost bases, BTC needs a clean reclaim here to confirm a broader recovery. Rejection keeps price inside the recent range.
Will buyers step up at $69,000 or will overhead supply hold?
Not financial advice. Always manage your risk.
#BTC #Bitcoin #CryptoAnalysis #KeyLevel 🔥