Bitcoin tests long-term holder supply cluster as leverage clears, analysts say

Bitcoin is testing a significant long-term-holder supply cluster as derivatives leverage has been flushed from the market. Analysts say the deleveraging has reduced near-term liquidation risk and may create a healthier base for price stabilization, but the cluster remains a key resistance area. Bitcoin’s ability to absorb this supply will help determine whether it can resume its uptrend or face further consolidation.