Analyst: 15% of BTC supply is concentrated in the $83K-$85K range

Approximately 15% of the total Bitcoin supply is concentrated in the $83,000 to $85,000 range, near the 200-day moving average (200DMA), according to an analysis by CoinDesk senior analyst James Van Straten. In a post on X, Van Straten noted that this price level is acting as a major supply resistance zone, suggesting that a breakout above $85,000 could lead to a rapid price increase toward $95,000. He also explained that the average purchase price for TMM and short-term holders (STH) is around $78,000, which is currently serving as a key support level.