Bitcoin price is holding inside a dense $93,000–$110,000 supply cluster, with holders remaining firm and the NVT golden cross sliding toward oversold readings; this combination suggests a potential rebound if buying resumes, though a breakdown below the cluster would risk a deeper test of support.
Bitcoin price range: $93,000–$110,000 acting as supply cluster and possible accumulation zone
Net unrealized losses have risen, yet holders show limited panic selling—on-chain metrics indicate conviction.
NVT golden cross near oversold historically aligns with relief rallies; monitor demand vs. supply for confirmation.
Bitcoin price holds in $93k–$110k supply cluster; NVT nearing oversold — read on-chain signals, trader cues and next steps. Learn what to watch now.
What is driving Bitcoin’s price inside the $93k–$110k supply cluster?
Bitcoin price is trading inside a dense supply cluster between $93,000 and $110,000 where accumulation and distribution have overlapped since late 2024. On-chain data shows rising net unrealized losses, but limited selling pressure, indicating holders are largely absorbing the drawdown.
How severe are holders’ unrealized losses and what do they mean?
Net unrealized losses have climbed in this band based on on-chain metrics from providers such as CryptoQuant and Glassnode (source names referenced as plain text). Increased losses typically signal potential capitulation, but the absence of mass liquidations suggests resilience among long-term holders.
Historically, such conditions often precede a relief rally rather than a sustained breakdown when demand remains steady.
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On-chain analysis by COINOTAG referencing CryptoQuant shows holders maintaining positions rather than exiting. That suggests conviction: many participants appear content to ride short-term drawdowns, treating the current price band as an accumulation opportunity.
When selling pressure is muted while unrealized losses rise, the market can form a durable base if demand steadily absorbs supply.
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Source: https://en.coinotag.com/bitcoin-may-find-support-at-93k-110k-supply-cluster-as-nvt-golden-cross-signals-possible-recovery/