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Bitcoin’s Thin Trading History Between $70,000–$80,000 Raises Support Questions
Limited trading history and low on-chain supply between $70,000 and $80,000 suggest bitcoin may need consolidation there to establish stronger long-term price support.
Recent analysis of five years of CME bitcoin futures data highlights a structural gap in price support between the $70,000 and $80,000 range. Bitcoin has traded in this zone for just 28 sessions, making it one of the least-developed price bands in terms of historical consolidation. Glassnode’s UTXO Realized Price Distribution further reinforces this view, showing limited coin supply concentrated in this range.