source avatarKapoor Kshitiz

Share

BITCOIN'S MOST IMPORTANT LEVEL RIGHT NOW IS $62K-$63K @Murphychen888 shared an interesting on-chain data. Around 1.6 million $BTC roughly 8% of Bitcoin's total supply was bought between $62K-$63K. If BTC stays above this zone, many of them are likely to keep holding but if it breaks below, some could start selling to protect their positions, which could accelerate the move lower toward the recent low around $58K.

No.0 picture
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.