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TechFlow news, August 1: According to the latest data from blockchain analytics platform Sentora, only 7.9% of the circulating Bitcoin supply is currently at a loss, indicating significant accumulation between the current price and the $121,000 level. Further data shows that a key support level may form around $105,000, where approximately 900,000 bitcoins have historically been transacted.
According to recent data from blockchain analytics platform Sentora, only 7.9% of the circulating Bitcoin supply is currently in a loss-making position, indicating significant accumulation between the current price and the $121,000 level. The data further suggests that a key support level may form around $105,000, an area where approximately 900,000 bitcoins have historically been traded.
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