Bitcoin Supply Above $73k Signals Potential Move Toward $80,000

Bitcoin is approaching a key technical area as on chain data points to an unusually thin band of supply between $72,000 and $80,000. According to analytics from Glassnode, only around 1% of bitcoin’s circulating supply last moved within this price range, creating what traders often describe as an “air pocket.”

This low concentration of previously traded coins suggests limited resistance if price momentum carries bitcoin decisively above $72,000. With fewer holders positioned in that band, selling pressure may be relatively subdued compared to more densely traded zones.

On-Chain Data Shows Strong Support Below

The supply structure is reflected in Glassnode’s Realized Price Distribution metric, which maps where existing coins were last transacted. Historically, bitcoin has moved quickly through the $72,000 to $80,000 range, including sharp advances in late 2024 and rapid declines earlier this year.

Meanwhile, more than 400,000 BTC were accumulated between $60,000 and $70,000 during the recent consolidation phase. That buildup may provide a stronger support base beneath current levels, reinforcing the significance of a breakout above $73,000.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.