Based on Coindesk, Bitcoin's price has remained range-bound above $100,000 since June, with nearly 5.9 million BTC—worth $588 billion—trading between $100,000 and $126,000 in recent months. According to 10x Research, a large portion of these coins now resides with less conviction-driven investors or institutional players under pressure, potentially making them vulnerable to panic selling if the price drops further. A break below $100,000 could trigger increased volatility and accelerate a decline toward $93,000, a key liquidity level.
Bitcoin's $588B Range: Billions in BTC Moved Between $100K and $126K
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