That overhead supply cluster is something to pay close attention to. We're looking at a significant concentration of long-term holders who accumulated positions between $93k and $109k—a pretty thick band of ownership. When price action approaches that zone, you can expect noticeable selling pressure. These aren't weak hands; they've been holding through cycles, so resistance here won't be trivial. It's the kind of level that typically demands respect in the current market structure. Understanding where these historical entries sit helps explain why certain price levels act as natural barriers.
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RebaseVictim
· 01-16 08:08
The 93k to 109k range is really a hurdle; all the seasoned traders holding chips are all hesitant.
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MentalWealthHarvester
· 01-14 08:17
The 93k to 109k resistance level must be taken seriously; the cost basis of seasoned traders is no joke.
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RugpullTherapist
· 01-14 00:06
The 93k to 109k range is really a trap. Long-term holders have already accumulated there. Once it rises, it can be dumped at any moment. Keep a close watch.
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MoneyBurner
· 01-13 23:59
93k to 109k, this range really requires careful research. The old-timers stacking chips there are not to be underestimated.
Wait, doesn't that mean there's strong selling pressure? We still need to respect... respect what? Just go for it, who’s afraid of whom.
On-chain data is right here, it all depends on whether we dare to build positions and test the bottom line of those old hands.
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GateUser-a606bf0c
· 01-13 23:57
The dense chip zone from 93k to 109k definitely needs to be watched. The seasoned traders are holding onto it, so the selling pressure will definitely be fierce at that time.
That overhead supply cluster is something to pay close attention to. We're looking at a significant concentration of long-term holders who accumulated positions between $93k and $109k—a pretty thick band of ownership. When price action approaches that zone, you can expect noticeable selling pressure. These aren't weak hands; they've been holding through cycles, so resistance here won't be trivial. It's the kind of level that typically demands respect in the current market structure. Understanding where these historical entries sit helps explain why certain price levels act as natural barriers.