Analyst: The key resistance level for Bitcoin is $72,500, which may continue to be under pressure in the coming months

CryptoQuant analyst Darkfost stated, "BTC has still not been able to regain the realized price after removing long-term inactive supply. Excluding Bitcoin supply held for over 7 years to more accurately reflect the actual circulating chips. Filtering out lost Bitcoins and long-term 'diamond hands' holdings. Under this adjustment, the Bitcoin realized price is about $72,500, which currently constitutes a resistance level. BTC has been below this price for about two months. In each previous bear market, BTC has maintained below this cost basis for 6 to 10 months, during which it failed to effectively recover this level. If this pattern repeats, BTC may still face pressure in the coming months, with a high probability of continuing to operate below $72,500."