PANews, May 19 – According to BeInCrypto citing Glassnode IOMAP metrics, data shows that in the past week, investors have cumulatively purchased 27,976 Bitcoins, with a total value exceeding $2.88 billion, reducing the circulating supply to about 3 million coins. The IOMAP metric indicates that Bitcoin has formed strong support in the range of $102,886 to $99,894, with investors cumulatively holding over 398,590 Bitcoins in this range, valued at over $41 billion. This support area is seen as a strong buying zone, and many investors choose to continue holding to wait for prices to rise. Despite a 3.3% drop today, the possibility of further decline is small due to strong demand. Previously, Bitcoin briefly touched $107,108, and it is expected to break through $105,000 again in the future, forming a consolidation above $102,734, paving the way for further rises. However, if long-term holders choose to take profits, Bitcoin may fall below the $102,734 support level, further dipping into the $100,000 range. The current market sentiment is generally bullish, and investor accumulation behavior may push Bitcoin closer to its historical high of $109,588, with only about 6.5% difference. #BTC能否冲上11万？ #山寨币季节指数升至24 #AI 代理板块市值回升