On-chain analysts: Approximately 730,000 BTC accumulated in the $41,200 to $42,400 range, and market sluggishness may prompt selling

ChainCatcher news, according to on-chain analyst Ali, the data shows that the Bitcoin price has fallen below a key supply area. In the current price range of $41,200-$42,400, there are 1.87 million addresses that have accumulated 730,000 BTC.

If the market remains sluggish, it may prompt this group of holders to choose to sell to reduce losses. If selling pressure increases, the next demand area may be the $37,500-$38,700 range, where there are currently 1.28 million addresses holding approximately 553,000 BTC.