- More than 35% of Bitcoin’s supply was accumulated at prices within or above the $76K-$82K supply zone.
- Binance Open Interest fell below its 180-day average during Bitcoin’s sharpest deleveraging phase since 2023.
- Mixed exchange flows leave $77K and $75.6K as key downside levels, while $80K-$82K remains the main upside zone.
Bitcoin is facing heavy supply between $76,000 and $82,000 as traders assess its next move, analyst Darkfost reported. More than 35% of Bitcoin’s total supply was accumulated at prices within or above that range. Meanwhile, the market has recorded its sharpest deleveraging phase since 2023.
Bitcoin Supply Meets Heavy Trading Activity
Darkfost identified the $76,000-$82,000 range as one of Bitcoin’s strongest supply distribution clusters. The battle around $80,000 has kept price within a broad area of concentrated supply.
Notably, Bitcoin recently traded around $78,400-$78,500 after falling from the $81,000-$82,000 area. The spot market also recorded large swings in exchange flows during early September.
On Sept. 3, net inflows reached roughly $165 million. Bitcoin then recovered from around $79,000 to above $81,000 during that move. However, the following day brought an outflow near $220 million. Bitcoin then reversed toward the $77,000-$78,000 region.
Binance Open Interest Falls After Deleveraging
The sharp market adjustment also affected Bitcoin futures positions. Binance’s open interest fell below its 180-day average during the deleveraging phase. Darkfost described the move as Bitcoin’s sharpest deleveraging since 2023.
The correction forced traders to close or liquidate positions after leverage had built up. Despite that decline, Binance still held about $9.6 billion in open interest. Its 180-day average stood near $8.3 billion.
Binance’s figure represents roughly 37% of Bitcoin’s total open interest. It also exceeds the level recorded during May’s recovery toward $82,000. Meanwhile, Darkfost said traders had already returned to the market following the correction. That return has increased futures activity while leverage remains elevated.
Spot Flows Remain Mixed Around $78K
Spot exchange flows became quieter from Sept. 5 onward. Most hourly readings stayed close to zero, although several negative spikes appeared around Sept. 7-8. Those outflows reached roughly $60 million to $80 million. Bitcoin also declined from around $80,000 toward $78,400 during the period.
The provided levels place $77,000 as the next downside area. A deeper decline could bring $75,600 into focus. Meanwhile, sustained inflows could support a move back toward $80,000-$82,000. The $76,000-$82,000 supply cluster remains the central price range.
