Bitcoin Faces Severe Selling Pressure at $80K Supply Barrier

Bitcoin is facing significant selling pressure as it approaches the $80,000 to $82,000 price range. According to data from Woofun AI, nearly 8% of Bitcoin's total supply has accumulated in this zone, making it the most densely resisted area across all price bands.

The concentration of micro-level chip distribution is a major contributing factor to this selling pressure. At $80,000, there is a high concentration of supply, with 5% of Bitcoin's total supply concentrated at this single price level. In comparison, $78,000 has absorbed only 3.7% of the supply.

The average holding cost of U.S. spot Bitcoin ETFs also falls within the $80,000 to $82,000 range, further intensifying selling pressure in this zone due to institutional willingness to protect capital or take profits.