An analysis indicates that the Bitcoin high holder supply shock on-chain indicator is exhibiting signs of weakness, with a key support range identified between $98,000 and $104,000. The high holder supply shock indicator is a tool used to assess the supply dynamics of Bitcoin held by long-term investors. Recent trends suggest that this indicator may not be as robust as previously thought, raising concerns among market analysts. The identified support range of $98,000 to $104,000 is critical, as it may determine the future price movements of Bitcoin. If the price falls below this range, it could signal further weakness in the market.
