📰 [Analysis: There are still three groups of trapped traders above Bitcoin, with the recent trapped positions at $88,880]

BlockBeats news, on May 7th, according to CryptoQuant data, Bitcoin is currently holding steady above $80k, but there are still three groups of trapped holders above this price, forming effective resistance. Realized prices for 3-6 months: $88,880 — the first resistance ceiling; for 12-18 months: $93,450 — the second wall; for 6-12 months: $111,850 — the heaviest chip zone, 29% higher than the current price. Analysis indicates that to confirm a bottom, Bitcoin needs to break through and stabilize above $88,880. Only then can the recent holders return to profitability and remove the first layer of selling pressure.
Brothers, look at this data, $BTC now hovering around $80k, but three big mountains are pressing down. $88,880, $93,450, $111,850 — all these levels are crowded. Especially the old hands at $88,880, their necks are all the same length, just waiting to be cut loose and run. If we don’t break through this first wall, don’t even talk about a bottom. The market is now like a falconer waiting to see who can hold on the longest. Don’t rush to go all-in; wait until they loosen up before making a move.

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