Bitcoin Struggles Below $80K as Analysts Highlight Supply Absorption Test

Bitcoin has reclaimed the $80,000 area, but on-chain signals suggest the rally is running into a familiar problem: even when buyers show up, sell-side pressure from investors sitting on profits can reappear quickly. According to on-chain analytics from CryptoQuant, older “long-term holder” coins have become more active around recent local highs, while a widely watched [...]