CryptoQuant: BTC Approaches the Key Resistance Level of $80,000, Two Major Groups May Face Simultaneous Break-Even Decisions

According to ChainCatcher, CryptoQuant analyst MorenoDV_ posted on Twitter that if Bitcoin can break above and hold $80,000, that level will flip from resistance to support. Conversely, if it faces rejection and pulls back, it will confirm $80,000 as a major selling pressure area and the correction could extend into the second quarter.

Currently, the realized price for BTC ETF investors is about $76,400, which is very close to the spot price (around $76,300), marking the first time since January 30 that it is near the breakeven point. The realized price for short-term holder whales is around $79,600, and they are still facing an unrealized loss of approximately $940 million.

MorenoDV_ pointed out that historically, when these trapped funds finally break even, it often triggers significant selling pressure. Currently, Bitcoin is fluctuating within the $76,000-$80,000 range. The $80,000 level is not only an important psychological threshold, but also represents a shared breakeven and exit point for both of these key groups.