[Cryptoquant Analyst: BTC Falls Below Key Realized Price of Approximately $72,500, Weak Trend May Persist for Several Months] According to a report by Jinse Finance on March 28, Cryptoquant analyst Darkfost stated that Bitcoin has yet to reclaim the realized price level after excluding idle circulating supply. The chart illustrates a cost basis benchmark that excludes tokens held for more than 7 years, aiming to more accurately reflect the actual circulating supply of Bitcoin in the market. This statistical approach filters out lost Bitcoins and long-term locked holdings, commonly referred to in the market as "diamond hands" positions. After this adjustment, the realized price is approximately $72,500, which currently forms a key resistance level. Bitcoin has been trading below this level for nearly two months. Looking back at previous bear market cycles, Bitcoin has typically oscillated below this cost basis for 6 to 10 months and has consistently failed to reclaim this level. If historical patterns repeat, Bitcoin may face several more months of downward pressure, with prices likely to remain below $72,500.