Bitcoin Price Tests $81,700 as Long-Term Supply Caps the Rally

TLDR: Bitcoin price faces a dense $77,100 to $80,200 supply area after long-term holders released up to 539,000 BTC during a 30-day period. A close above the 365-day moving average at $81,700 would test the $83,600 Metcalfe band before the $88,700 trader band becomes relevant. U.S. spot Bitcoin ETFs posted a fourth straight daily outflow, [...]

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