Bitcoin’s 70k–80k range is historically a relatively “thin” zone.
Over the past few years, #BTC didn’t spend much time trading in that area, so fewer long-term positions were built there. On-chain data (including Glassnode’s supply distribution metrics) also shows lower supply concentration around that range compared with heavier-traded levels.
What that can mean in practice: if price pulls back into 70k–80k, it may need time to consolidate before that area starts behaving like a reliable support floor.
In markets, stronger support and resistance often form where price spends more time.
