Only 7.9% of #bitcoin circulating supply is at a loss

That means over 92% of holders are in profit signaling strong hands and major accumulation between the current price and $121K.

A significant support zone sits near $105K, where nearly 900,000 BTC were purchased.

The floor is rising and conviction is showing.

#BTC #CryptoMarkets #BitcoinSupport #OnChainData