Bitcoin’s $70,000 to $80,000 zone highlights gap in historical price support

Five years of CME futures data shows where bitcoin has, and has not, built meaningful price support. What to know : Bitcoin has spent relatively little time between $70,000 and $80,000, just 28 trading days, making that level among the least developed price ranges in terms of historical consolidation and support. This lack of time spent is reinforced by Glassnode’s UTXO Realized Price Distribution, which shows limited supply concentrated between $70,000 and $80,000, suggesting that if another pullback occurs, bitcoin may need to consolidate in this zone to establish stronger structural support.(Coindesk)