Bitcoin is hovering just above a key support area after pressure from more recent buyers. Price is sitting near $77,500, and that level is the immediate line to watch.
Across 48 one-hour candles, Bitcoin rises from about $77,459 to $77,862, up 0.52%. It sits just above support at $77,640, with resistance at $79,852.
Pluang reported $1.115 billion in realized Bitcoin losses over the 24 hours ending October 31. Short-term holders transferred more than 36,600 Bitcoin, and coins moving toward exchanges suggested some were positioning to exit. That points to pressure concentrated among recent buyers, rather than broad redistribution across holders.
The next checkpoint is whether short-term transfers ease and Bitcoin holds near support around $77,500; the loss data alone does not establish that a deeper decline is coming.