Analyst Flags Heavy Bitcoin Positioning Near $60K Support Area

Bitcoin continues to hold above the $62,000 mark, with the price last recorded at $62,206, reflecting a 1.1% gain over the past 24 hours.

Meanwhile, CryptoQuant analyst JA Maartun notes that the market is nearing a key support zone on Binance Futures. His data shows more than 4,135 BTC concentrated between $59,000 and $61,000, creating a closely watched range just below the current trading price.

Source: JA Maartun