🚨 I’m Storiesofcoins — here’s the on-chain reality most beginners miss: below 88,000 USD, a large share of Bitcoin’s invested capital is underwater, and that can change market behavior fast. (coinmarketcap.com)

🧠 The headline in plain English

Checkonchain data summarized by CoinMarketCap indicates over 63% of the capital invested in Bitcoin entered above 88,000 USD. So when BTC trades below 88K, many holders are sitting on losses, and that often creates sell pressure on bounces. (coinmarketcap.com)

📌 What metric they are using

They are looking at invested wealth based on when coins last moved on-chain, commonly described as a realized price or UTXO-style distribution. This is not the same as a single average cost basis, but it helps show where capital is concentrated. (coinmarketcap.com)

🧱 The key zones to watch

1) 80K to 90K has been the battleground

BTC has mostly traded between 80,000 and 90,000 USD since November. (coinmarketcap.com)

2) 85K to 90K is the heavy supply zone

There is heavy concentration of supply in the 85,000 to 90,000 USD range. If price breaks down through roughly 85K, selling can intensify because a lot of capital sits there. (coinmarketcap.com)

3) Below 80K gets thin fast

Below 80,000 USD, holdings become much thinner, especially between 70,000 and 80,000 USD. That is why a clean break of 80K can accelerate toward 70K. (coinmarketcap.com)

🐳 Extra pressure: long-term holders are distributing

The article notes long-term holders have been distributing at the fastest pace in about half a year. When long-term distribution rises while price sits under key cost zones, rallies can get sold into. (coinmarketcap.com)

📅 The seasonal twist

February has historically been strong for Bitcoin, with average gains around 13% based on CoinGlass records cited in the article. But seasonality only works if the market can absorb the overhead supply sitting above current prices. (coinmarketcap.com)

✅ My simple takeaway for newcomers

When most capital is underwater, the market often behaves like this:

Bounce → hits the heavy cost zone → sellers exit near breakeven → price struggles

So the real question is whether BTC can reclaim and hold above 88,000 USD long enough to flip that underwater supply back into profit.

💬 Question for you

If BTC retests 88K, do you expect it to act as:
🟢 support, bullish reclaim
🔴 resistance, sell-the-rally zone

Comment one emoji.

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