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On May 7th, according to CryptoQuant data, Bitcoin has stabilized above $80k, but there are still three groups of trapped holders occupying the price level, forming effective resistance.
$BTC
Realized price for 3–6 months: $88,880 — the first selling pressure #ceiling;
Realized price for 12–18 months: $93,450 — the second wall;
Realized price for 6–12 months: $111,850 — the heaviest chip band, 29% higher than the current price.
Analysis indicates that to confirm a bottom, Bitcoin needs to break through and hold above $88,880. Only then can the recent group of holders return to profitability and remove the first layer of selling pressure. #BTC回调 #