BTC sitting just below an 'air pocket' above $72,000
CoinDesk • • business
Key Points:
- Bitcoin approached $72,000 on Wednesday, nearing a supply "air pocket" between $72,000 and $80,000 where few coins have previously traded, according to Glassnode data.
- Only about 1% of the circulating bitcoin supply sits within this price range, suggesting limited resistance and the potential for a rapid price move toward $80,000 if bitcoin breaks above $72,000.
- Historically, bitcoin has spent little time trading between $72,000 and $80,000, with rapid price movements through this zone observed in November 2024 after Donald Trump’s election and again in early 2025 during a sharp decline.
- The supply dynamics are analyzed using Glassnode’s Realized Price Distribution (
