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Bitcoin shows signs of bottoming as supply in profit stabilizes and short-term holder prices converge.

Technical Signals
07 Aug 2026
AMBCrypto
View Source
Neutral
Bitcoin shows signs of bottoming as supply in profit stabilizes and short-term holder prices converge.

Bitcoin traded in a narrow range between $62,000 and $65,000 last week, with on-chain data suggesting a potential recovery setup. The Supply in Profit metric indicated that downside risk might have eased, as it remained within a range that historically precedes recoveries. Short-term holder realized prices are converging but have not yet confirmed a bullish crossover, which would signal stronger demand. Meanwhile, mixed capital flows show some Bitcoin moving off exchanges, reducing immediate sell supply, but longer-term inflows suggest sellers still exert pressure, indicating Bitcoin may stay range-bound until buying demand increases.

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