


Bitcoin has spent a very brief period between 70,000 and 80,000 dollars, with only 28 trading days occurring in this range. This situation indicates one of the least developed price ranges in terms of past consolidation and support.
Glassnode’s Unspent Transaction Output Realized Price Distribution (UTXO Realized Price Distribution) data shows that the limited supply in the 70,000 to 80,000 dollar range is concentrated. This suggests that if a pullback occurs, Bitcoin needs to consolidate in this area to establish a stronger structural support.
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