the $70,000-80,000 range now acts as an “air pocket” with limited structural support. Less than 1% of long-term holder supply entered at those prices. As a result, selling pressure may persist if prices remain in that band. The analysts said long-term holders acquired about 7% of the supply between $60,000 and $68,000.
funds added pressure during the decline. ETFs recorded $3 billion in net outflows since January 15, pushing more than half of assets underwater. That trend may keep outflows elevated. Analysts said the $81,000 to $83,000 zone now serves as overhead resistance tied to ETF investor cost bases.
If prices fall below the $60,000 to $68,000 range, analysts point to $55,000 as the next level. That scenario aligns with historical bear markets that dipped below the average buyer cost.