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Viewpoint: Bitcoin lacks buying support below $104,800.
On November 4th, analyst @ali_charts analyzed the Bitcoin UTXO realized price distribution chart from glassnode, noting that below $104,800, there are fewer UTXOs (unspent transaction outputs) supporting the price of Bitcoin. Note: This means that at lower price levels, the buying interest or concentration of holders is relatively low, and if the price falls to this level, it may lead to weakened price stability.