Bitcoin range holds as exchange inflows rise and hashrate softens.

Bitcoin sits near cost basis with rising exchange supply and no forced liquidation, allowing sellers to test lower levels without immediate capitulation. Holders treat extreme fear as a floor while hashrate eases and distribution quietly adds coins to available supply, yet the same low sentiment that limits buying also prevents aggressive unloading that would clear the range. The ignored tension is whether miners facing thinner margins will sustain security or accelerate sales into already soft liquidity. What happens to price if that hashrate contraction meets sustained net inflows rather than reversing?