Bitcoin bearish sentiments proceed to dominate the market, after costs fell under the important thing $80,000 on January 31, leading to a brand new wave of market liquidations. Curiously, a pseudonymous analyst with the username CryptoMe has recognized an “air pocket” within the current value construction, which doubtlessly factors to the draw back goal of this latest value drop.
Bitcoin Now Under $80K Assist Zone – What Subsequent?
In a QuickTake put up on January 31, CryptoMe attracts consideration to an current value vacuum between $73,000 – $80,000 as confirmed by three completely different market metrics. This remark is essential in anticipating Bitcoin draw back targets, contemplating the presently heightened market fears following the newest value decline.
In accordance with CryptoMe, liquidity ranges on the Binance spot order guide confirmed a focus of restrict purchase orders between $73,000 – $80,000 that fashioned between late October and early November. Regardless of the worth surge from $80,000 to round $100,000 seen in late This fall 2025, the liquidity cluster value zone remained untouched. Subsequently, the zone is more likely to act as a short-term value magnet ought to bearish momentum persist, as markets typically gravitate towards areas of unfilled liquidity during times of heightened volatility.
One other on-chain metric that helps the existence of an air pocket between $73,000 – $80,000 is the Unspent Transaction Output (UTXO) value histogram. Every Bitcoin transaction consumes current UTXOs and creates new ones; due to this fact, UTXOs are a superb measure of on-chain transaction exercise. As seen within the chart above, the sparse UTXO density between $73,000 and $80,000 suggests {that a} small variety of transactions occurred inside this value vary. Thus, traders failed to determine a value foundation that may forestall additional value decline, as costs have now slipped under $80,000.
The ultimate metric highlighted by CryptoMe is the Spot ETF Investor Common Price, which presently stands at $79,000. Following the launch of the Bitcoin Spot ETFs in January 2024, Bitcoin has did not commerce under its realized value till now. Contemplating all three metrics, it’s probably that Bitcoin is headed for the $73,000 value mark, which the market has not visited since April 2025. Furthermore, such a decline would symbolize a 40% devaluation from the current market all-time excessive.
Bitcoin Value Overview
On the time of writing, Bitcoin trades at $78,558, reflecting a 6.5% enhance within the final 24 hours. In the meantime, complete buying and selling quantity is up by 37.15% and valued at $74.67 billion.
