CryptoQuant: BTC is nearing the $80k key resistance level, and two major groups may be faced with a decision on how to bail out/exit from being underwater at the same time

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ChainCatcher messages: CryptoQuant analyst MorenoDV_ tweeted that if Bitcoin can break above and hold at $80k, this level will turn from resistance into support; conversely, if it is rejected here and falls back, it will confirm $80k as a major sell-off zone, potentially extending the correction into the second quarter.

Currently, the realized price (Realized Price) for BTC ETF investors is about $76,400, which is approaching the spot price (approximately $76,300). This is the first time since January 30 that it has neared the breakeven point; the realized price for short-term holder whales is around $79,600 and is still in an unrealized loss of about $9.4 billion.

MorenoDV_ noted that historically, when these trapped funds finally get back to even, it often triggers significant selling pressure. Bitcoin is currently trading in a range of $76,000-$80,000; $80,000 is not only an important psychological level, but also the breakeven and de-locking threshold shared by these two major groups.

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