Bitcoin Price Moves Around 8 Million, Limited Blockchain Supply
Bitcoin continues to consolidate within a narrow price range, with trading activity at the $8 million level showing minimal historical patterns. Data from NS3 reveals that liquidity on the blockchain is relatively low at this level, indicating no significant selling pressure from large buyers.
This condition creates two possible scenarios: first, Bitcoin could remain within this limited range while waiting for a market trigger, or second, this leading digital asset might retest support at the $7 million level before making a decisive move. NS3 on-chain indicators are key to monitoring whether the supply remains limited or if there are changes in trading dynamics at the $8 million level moving forward.
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Bitcoin Price Moves Around 8 Million, Limited Blockchain Supply
Bitcoin continues to consolidate within a narrow price range, with trading activity at the $8 million level showing minimal historical patterns. Data from NS3 reveals that liquidity on the blockchain is relatively low at this level, indicating no significant selling pressure from large buyers.
This condition creates two possible scenarios: first, Bitcoin could remain within this limited range while waiting for a market trigger, or second, this leading digital asset might retest support at the $7 million level before making a decisive move. NS3 on-chain indicators are key to monitoring whether the supply remains limited or if there are changes in trading dynamics at the $8 million level moving forward.