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Analysis: Bitcoin Supply Thins Above $86,000, Only 23% Increase to $125,000

On September 27, Bitfinex released a graphic indicating that if Bitcoin surpasses $86,000, the market supply above this level will significantly decrease, leaving only about a 23% price space to reach $125,000. Currently, over 1 million BTC is concentrated in the $84,000 to $86,000 range, forming a key short-term resistance. Meanwhile, Bitcoin spot ETFs have seen a cumulative net inflow of approximately $2.98 billion over the past seven trading days, and the market is gradually digesting this supply pressure. If BTC can close above $87,400 and ETF funds continue to flow in, it would indicate that buyers are successfully absorbing the current selling pressure, potentially weakening the supply wall above.

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