Overview
- Bitcoin failed to reclaim the $94,000 area on Dec. 3, reinforcing resistance aligned with Glassnode’s 0.75 cost-basis quantile near $95,800.
- Price hovered in the low $90,000s on Friday, with one report citing a spot level around $91,800.
- The 7-day average of Total Supply in Loss reached about 7.1 million BTC last week, the highest since September 2023.
- Glassnode describes a setup that resembles early 2022, balancing the risk of top-buyer capitulation against the chance of a seller-exhaustion bottom.
- Long-term holder SOPR has fallen to roughly 1.43, indicating profits are still being realized but with shrinking margins.