🌻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.

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