Bitcoin LTH Distribution Not Over Yet – Can Institutions Absorb The Remaining Supply?

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Bitcoinist 15h ago

Bitcoin LTH Distribution Not Over Yet – Can Institutions Absorb The Remaining Supply? - Bitcoinist

Quick Summary:

Bitcoin spiked to $107,000 on Sunday before swiftly retracing, shaking investor confidence and triggering fresh volatility across the market.

The move, which many hoped would lead to a clean breakout into price discovery, instead reinforced the current consolidation range between $100K and $105K.

Bitcoin is showing signs of renewed strength as it trades at $105,389, attempting to break above recent resistance near the $106K–$107K zone.