BTC SUPPLY WALL IS STRANGLING THE BULL RUN ⚠️
Glassnode says Bitcoin remains trapped in a $60,000–$70,000 range with 8.4 million coins underwater and long-term holders still realizing roughly $200M in daily losses. Spot demand is only showing a modest recovery, while derivatives have largely de-risked, leaving BTC in a fragile supply-overhang phase with no confirmed base yet.
Monitor the bid like a hawk. Demand must stay positive, losses need to compress hard, and the supply cluster above must keep distributing. Let whales finish rotating inventory before chasing any relief move. Liquidity decides the next leg, not hope.
I think this setup matters because it looks like real market repair, not a clean reversal. When underwater supply is this heavy and only one major buyer remains consistent, the next meaningful move usually comes after weaker hands are forced out.
Not financial advice. Manage your risk.
#Bitcoin #BTC #Crypto #Whales #BitcoinNews ⚡