Bitcoin price, approximately 4% per month after immersion in April 83.2 thousand dollars entered a level. However, what is worrying is that at least to say that the thought in the market is not good. In any case, let’s see if April and Q2 will potentially be better for BTC and wider crypto market.
Meanwhile, crypto senior ‘Ali Martinez’ drew attention to an interesting Bitcoin indicator.
About Bitcoin’s “air gap” in the support structure
Martinez shared a critical Glassnode graph showing Bitcoin’s UTXO price distribution (URPD). This switch reveals that metric, existing Bitcoin owners receive their money. It gives information about real support zones. It is based on process history rather than speculative analysis.
The most worrying feature of the graph is what Martinez calls a “air gap” between 70,000 and 80,000 dollars. This gray shaded area shows quite low UTXO activity. In this price range, the person who kept Bitcoin very little. Without significant historical processes in this region, there is a minimum chain support to prevent fast price movement.
This is for existing owners. If Bitcoin falls below 80 thousand dollars, there is very little to quickly prevent it from slipping up to 70 thousand dollars. There would be no significant print pressure to slow down the descent.
Bitcoin’s strong support levels
Intense activity clusters are less than $ 70 thousand, especially about 60 thousand dollars, 50 thousand dollars and 40 thousand dollars. These regions represent stronger historical accumulation. Many UTXOs were created at these levels. Potentially, they create solid chain support that previous recipients can take back again.
The BTC graph also shows the large Bitcoin volume of $ 105,000 of $ 100,000. This shows that new market participants are at the highest level. If prices fall and test again from below, this area can act as a resilience zone.
Martinez’s tweet captures the essence of the graph: “Under 80,000 dollars, BTC faces an air gap! This is a warning signal for short -term BTC price action. The current price structure does not have historical support in December of 70 thousand dollars – 80 thousand dollars.
Read also: Bitcoin Price guess: Analyst maps 3 price target for BTC in 2025
Inferences for merchants and investors
Traders should be aware of a few key points:
- Risk management is very important. Anyone who trades in a range of 80 thousand dollars and 200 thousand dollars should know that there is a minimum chain support up to 70 thousand dollars. If a correction starts, it can be fast and sharp.
- Long-term investors can see the $ 60 thousand-$ 70 thousand range as a more robust entry or re-entry zone. This is based on higher UTXO density in these areas.
- If the BTC is over 80 thousand dollars despite the air gap, it indicates rise power. It would be traded in the low support zone without falling.
UTXO made price distribution It is a strong metric for Bitcoin analysis. It helps to determine the support and resistance areas based on real trading history. When Bitcoin enters a price range with very little historical activity, there are fewer incentives for owners to buy or defend this price. This makes the price more variable in this range.
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