Bitcoin trades near $73.5K as Binance notes 94% of BTC mined, while price sits below 7-day and 25-day averages at key support.
Binance noted that more than 94% of Bitcoin has been mined, reinforcing the asset’s fixed supply profile.
The update came as BTC traded near $73,498, with sellers testing key moving average support.
Traders watched the $73,000 area as short-term momentum stayed weak after the pullback from the $80,000 region recently.
Bitcoin Scarcity Returns to Market Focus
Binance said Bitcoin’s scarcity is becoming clearer with each cycle. It noted that “over 94% of BTC” has already been mined. Bitcoin has a fixed supply cap of 21 million coins.
With over 94% of BTC already mined, Bitcoin’s scarcity is becoming clearer with each cycle.
What was once theory is now one of its strongest fundamentals. ₿ pic.twitter.com/rFNLwkLMtD
— Binance (@binance) May 28, 2026
That supply limit remains central to Bitcoin’s market story. As more coins enter circulation, the amount left to mine keeps falling.
This makes issuance lower over time, while future supply becomes more limited.
The latest scarcity discussion came during a weaker price phase. BTC failed to hold above the $80,000 area. Sellers then pushed price toward short-term support near $73,000.
BTC Price Tests Moving Average Support
BTC closed near $73,498, down about 1.27% on the chart. The daily candle showed selling pressure, and price moved close to the 99-day moving average.
That level sat near $73,050. Bitcoin also traded below the 7-day moving average at $75,793.
It remained under the 25-day moving average near $78,489. These levels showed weaker short-term momentum.
The 7-day moving average has started to turn lower. This suggests buyers have not yet reversed the recent decline.
A daily close below $73,050 could open a move toward $72,500. If selling continues, traders may watch $70,000 next.
A deeper decline could bring $65,000 to $66,000 into focus. Those levels remain lower support areas on the chart.
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Resistance Levels Remain Clear
On the upside, BTC needs to reclaim $75,500 to $76,000. That zone sits near the 7-day moving average.
It may act as near-term resistance after the latest drop. A stronger recovery would need a price above $78,500.
That level is close to the 25-day moving average. A move above it could bring $80,000 back into focus.
The recent high near $82,850 remains the next major resistance level. BTC was rejected from that area before forming lower highs.
The chart also showed lower lows after the failed move. Volume rose slightly on the latest red candle.
Around 19.54K BTC was traded during the session. The increase showed active selling, but volume was not extreme.
For now, BTC remains near a key support zone. Holding above $73,000 could allow a short-term bounce toward $75,800.
A break below $73,000 would weaken the chart further. The scarcity data and price setup are now being tracked together.
Binance’s supply note points to Bitcoin’s long-term fixed issuance, while traders monitor near-term support. The next daily close may guide the short-term direction.