Bitcoin News reports that according to CryptoQuant's tweet: Bitcoin is currently trading around $70,000, with on-chain data showing its interaction with key price levels. Short-term holders are realizing prices above the current price, recent buyers are in a loss-making state, and every bounce faces selling pressure. This group holds approximately 5.7 million bitcoins, with only 8% in profit and 92% in loss, creating massive supply pressure.