$BTC 93K OHS - Overhead Supply zone

Overhead supply zone refers to a large volume of an asset, like a cryptocurrency or stock, held by investors who bought it at a higher price than its current value and are waiting to sell once the price rises to their break-even point or higher.

This creates a "ceiling" of selling pressure at specific price levels, making it harder for the price to break through those zones. At the same time, traders and investors tend to re-test those zones because:

1. Profit-Taking and Break-Even Pressure:
Holders who bought at or above the OHS level (e.g., 93K for #Bitcoin) may sell when the price nears it again, reinforcing #resistance as supply floods in.

2. Market Memory:
Chart #patterns and historical price action draw attention from traders, who anticipate resistance and place sell orders, causing the level to be tested repeatedly.

3. Breakout Attempts:
If demand builds, buyers push the price toward #OHS to test if it can break through. Failed attempts solidify the resistance; successful breaks can turn it into support (a "flip zone").

4. Volume Confirmation:
Each re-test often comes with higher trading volume, as the market gauges whether buying momentum can overcome the selling pressure.

5. External Catalysts or FOMO-Driven Momentum:
It takes a significant external event—like positive regulatory news, a major adoption announcement, or a broader crypto bull run—can spark intense buying pressure. This surge can trigger fear of missing out (FOMO) among traders, driving volume and momentum strong enough to overwhelm the selling pressure from overhead supply.