Analysis: BTC lacks historical price support in the range of 70,000 to 80,000 USD

Investing.com and Glassnode data show that BTC only experienced 28 trading days in the range of $70,000 to $79,999 and 49 trading days in the range of $80,000 to $89,999. In contrast, lower price ranges such as $30,000 to $39,999 and $40,000 to $49,999 experienced nearly 200 trading days. UTXO realized price distribution (URPD) data also indicates a significant lack of supply concentration between $70,000 and $80,000. The above data suggests that the support strength of BTC in the range of $70,000 to $89,999 is lower than the previous level of $50,000 to $70,000. If the market enters an adjustment phase, this range may require more time for turnover to establish support.