🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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Analysis: Most of the selling pressure for Bitcoin comes from the range of 25,000 to 31,000 dollars and 60,000 to 73,000 dollars.
Gate News bot message, crypto assets analyst Coin Bureau posted on social media stating that long-term Bitcoin holders are selling.
According to the Cumulative Volume Delta Heatmap, most of the selling pressure comes from holders who bought in the range of $25,000 to $31,000 and $60,000 to $73,000.
This oversupply has always limited the upward potential of Bitcoin.