Bitcoin fails to break $87,100 as short-term holder profits hit $1.05B
- —BTC fell nearly 4% to $83,800 after rejecting the $87,100 resistance
- —Short-term holders' realized profit rose from $136M to $1.05B
- —RSI dropped from near overbought levels to 52
- —Losing $83,000 would weaken the recovery and expose $80,000
Why it matters: Rising profit-taking adds supply at current levels; sustained exchange inflows could keep BTC capped below $87,100.
Source: Cryptonews.net