Bitcoin is attempting to stabilize between 81,300 USD and 93,000 USD. Recent pressures have led to selling momentum as many holders face significant losses.
Currently, 6.7 million BTC are unprofitable, highlighting market challenges. It currently accounts for 23.7% of circulating supply, further increasing market selling pressure.
With the futures market exhibiting neutral funding rates and sporadic demand, upcoming option expirations may cause heightened market volatility, affecting Bitcoin’s price movement.
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