# CryptoQuant

CryptoQuant Analysis: Bitcoin may find support at $110,000, dropping sell-off momentum.
According to news from Hash World, CryptoQuant analysis suggests that Bitcoin prices may find support at $110,000, which would reduce the selling momentum of traders. Currently, Bitcoin is in a phase of slowing demand and profit-taking. Since July, the apparent demand for Bitcoin has decreased from a peak of 174,000 coins to the current 59,000 coins, a reduction of two-thirds. Meanwhile, demand from U.S. ETFs and institutional buyers has also significantly decreased, with the net purchase volume of ETFs ove

Short-term Bitcoin holders panic sell, testing key support level.
According to news from Hash World, CryptoQuant analysis indicates that the short-term holders of Bitcoin have experienced a sharp drop in the Spent Output Profit Ratio (STH SOPR) to 1, showing that short-term holders are suffering losses, which is a typical sign of panic dumping. Short-term holders not only have unrealized losses but are also actively selling, with a scale of panic dumping reaching 3.39 billion dollars calculated at a price of 113,000 dollars per coin. However, the Bitcoin price is still fluctuating near the rea

CryptoQuant Research Head Julio Moreno warns: If $BTC fails to quickly reclaim $11,200, the next support could be around $10,000.
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The strong support range for Bitcoin may be between $100,000 and $107,000.
According to Hashi Chain News, CryptoQuant analyst Axel Adler Jr stated that Bitcoin's strong support area in the near term is located between $100,000 and $107,000, which is the intersection point of the actual price for short-term holders and the 200-day simple moving average. If the market falls below this range, it may find deeper support at $92,000 to $93,000, reflecting the cost basis for short-term investors holding for 3 to 6 months, or becoming the market's second line of defense.
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