CryptoQuant analysis suggests that Bitcoin's current price is around $70,000. Short-term holders (STH) have a realized price higher than the current price, with only about 8% of approximately 5.7 million BTC in profit and around 92% in loss, creating potential selling pressure. Meanwhile, Strategy shows that approximately 762,000 BTC have a realized price of about $75,600, aligning with the recent price rebound resistance range. The overall average realized price is approximately $54,000, and during historical bear markets, prices typically fall or remain below this level. Data indicates that the current market faces resistance in the upper cost range, coupled with concentrated loss-making positions, making the structure still relatively fragile. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=58630