Bitcoin Air Pocket Presents Potential Fall To $73,000 – Details
Bitcoin bearish sentiments proceed to dominate the market, after costs fell under the important thing $80,000 on January 31, leading to a brand new wave of market liquidations. Interestingly, a pseudonymous analyst with the username CryptoMe has recognized an “air pocket” within the current worth construction, which probably factors to the draw back goal of this latest worth drop.
Bitcoin Now Below $80K Support Zone – What Next?
In a QuickTake post on January 31, CryptoMe attracts consideration to an present worth vacuum between $73,000 – $80,000 as confirmed by three completely different market metrics. This remark is necessary in anticipating Bitcoin draw back targets, contemplating the presently heightened market fears following the newest worth decline.
According to CryptoMe, liquidity ranges on the Binance spot order e book confirmed a focus of restrict purchase orders between $73,000 – $80,000 that fashioned between late October and early November. Despite the value surge from $80,000 to round $100,000 seen in late This fall 2025, the liquidity cluster worth zone remained untouched. Therefore, the zone is prone to act as a short-term worth magnet ought to bearish momentum persist, as markets typically gravitate towards areas of unfilled liquidity during times of heightened volatility.
Another on-chain metric that helps the existence of an air pocket between $73,000 – $80,000 is the Unspent Transaction Output (UTXO) worth histogram. Each Bitcoin transaction consumes present UTXOs and creates new ones; subsequently, UTXOs are measure of on-chain transaction exercise. As seen within the chart above, the sparse UTXO density between $73,000 and $80,000 suggests {that a} small variety of transactions occurred inside this worth vary. Thus, traders failed to ascertain a value foundation that may stop additional worth decline, as costs have now slipped under $80,000.
The last metric highlighted by CryptoMe is the Spot ETF Investor Average Cost, which at the moment stands at $79,000. Following the launch of the Bitcoin Spot ETFs in January 2024, Bitcoin has didn’t commerce under its realized worth till now. Considering all three metrics, it’s possible that Bitcoin is headed for the $73,000 worth mark, which the market has not visited since April 2025. Moreover, such a decline would characterize a 40% devaluation from the current market all-time high.
Bitcoin Price Overview
At the time of writing, Bitcoin trades at $78,558, reflecting a 6.5% enhance within the final 24 hours. Meanwhile, whole buying and selling quantity is up by 37.15% and valued at $74.67 billion.