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BTC rebound’s key resistance exposed! The 70,7000 USD threshold is unlikely to be broken through in the short term.
CryptoQuant analyst latest on-chain data interpretation: Bitcoin short-term holders (STH) have been in unrealized losses for more than 9 consecutive months, a typical bear-market signal.
The current average cost basis for short-term holders is $70.7k, which is an extremely strong sell-pressure resistance level.
The May market has already validated this pressure: BTC surged to $82k to test the range and immediately saw a sharp pullback.
Even if a rebound comes later, above $70k there will be enormous pressure from holders looking to get out, making it extremely difficult to hold steady.
#比特币 #BTC链上分析 #加密行情预测 $BTC