Bitcoin peaked at $80,402 on September 20th, representing a 25.6% increase over ninety days. The price is currently hovering near $80,000 as buyers successfully absorbed each attempt by sellers to push the market down to the $75,000-$77,000 zone. The percentage of supply in profit has risen from 45% to 71% since June, limiting large-scale selling risk while increasing the potential for gradual profit-taking. The Korea Premium Index turned negative at -1.46%, signaling weaker domestic buying pressure in South Korean markets. This divergence between strengthening buyer support and declining regional demand could cap Bitcoin’s upside momentum near the $80,000 level.
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