Bitcoin fluctuates below the dense supply belt, with long-term holders selling 539,000 coins during the year.
According to data from online analyst firm CryptoQuant, Bitcoin is currently trading in the most dense supply belt at the top of the chart. The regional price range is between $77,100 and $80,200, and data shows that long-term holders sold up to 539,000 BTC units in this range earlier this year.
As of Sunday, Bitcoin was trading at approximately US$77,220, right on the lower edge of the supply belt.
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