Bitcoin remains range-bound between $77,200 and $82,100 as rising supply profitability creates selling pressure, offsetting steady demand from spot ETFs.
Bitcoin near range resistance at $82K with high supply in profit, suggesting potential selling pressure despite ETF inflows.
Bitcoin struggles to break the $82,000 resistance level as over 71% of its circulating supply sits in profit. While ETF inflows provide a buffer, analysts warn that the high volume of unrealized gains creates a pool of potential sell-side liquidity that could hinder a breakout.
It indicates the volume of unrealized gains in the market; higher levels suggest that more holders are in a position to sell, which can create resistance at key price levels.