@obsidian24
Bitcoin’s short-term support, around $93,000-$93,500, is under moderate selling pressure but holding firm. Glassnode data shows miner sales outpacing mining output in March 2025, with revenues down 50% post-halving, adding downward force, as @glassnode notes on X. Short-term holder profit-taking, flagged by @ali_charts, tests support amid a bearish RSI divergence. However, 66% of supply remains unmoved, signaling strong HODLing, per web reports. ETF outflows of $207 million and tariff fears amplify pressure, but high on-chain accumulation suggests support will likely endure unless macro shocks intensify.
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