CryptoQuant: BTC approaches key resistance level of $80,000. Two major groups may face unbundling decisions at the same time

CryptoQuant analyst MorenoDV_tweeted that if Bitcoin can stand and hold on to US$80,000, the position will turn from resistance to support; on the contrary, if it encounters rejection and falls back here, US$80,000 will be confirmed as a large selling pressure area, which may extend the adjustment time to the second quarter.<br /> Currently, the realizedprice of BTCETF investors is about US$76,400, which is close to the spot price (about US$76,300) and is close to the break-even point for the first time since January 30; the realizedprice of short-term holders whale is around US$79,600, and there is still a floating loss of about US$9.4 billion.<br /> MorenoDV_pointed out that historically, when these trapped funds were finally released, they often triggered significant selling pressure. Currently, Bitcoin fluctuates in the range of US$76,000-US$80,000. US$80,000 is not only an important psychological barrier, but also a common break-even and unwinding threshold for these two groups.