pull down to refresh

🐷 CryptoQuant: $79,000 – Key Bitcoin Support Level

CryptoQuant highlights that $79,000 is one of the most critical support zones for Bitcoin.

Notably, this level closely aligns with the realized price – the average entry price of US spot Bitcoin ETF investors.

At BTC β‰ˆ $79,000, most ETF holders are at breakeven. A sustained drop below this level could push institutions into unrealized losses, triggering profit-protection measures, forced selling, and additional downside pressure on the market.

In short: $79,000 isn’t just a chart level – it’s a psychological and institutional line in the sand for Bitcoin.

#Bitcoin #CryptoQuant #BTC #CryptoMarket #CryptoAnalysis #BitcoinSupport #InstitutionalInvestors

Read more at: https://primal.net/e/nevent1qqszzu0n56z8c7a5p63kawdxkvsntcamvnjx3kvp8l6w2wpja7wwhvsc4emtq