Bitcoin wants to confirm a new bull market—first it has to clear the $81,700 hurdle 📈
The on-chain data answers this more honestly than market sentiment
CryptoQuant’s latest report draws a clear benchmark: Bitcoin needs to break through the $81,700 resistance level to confirm that a new bull market is underway. And that’s only the first stage. From there up to $88,700, there’s still an entire block of dense trapped (locked-in) positions acting as pressure. In other words, the rally isn’t hopeless—but each “stage” has to be chewed through for real. On-chain holdings distribution doesn’t lie: the sell pressure is stacked in that range.
Plainly speaking, this rebound still needs one more valid breakout to confirm a bull market—don’t rush to call it “bull” yet.
My view is that the real signal isn’t just how high the price touches, but whether it can build volume and hold steady above this key line at $81,700. Only after that can you talk about a trend reversal. If it can’t hold, everything is still just a rebound ⚠️
Every day I’ll bring you to track crypto hot topics—not only what happens in the news, but also the logic and opportunities behind it 👀🚀
#Bitcoin #cryptocurrency
💬 评论区聊不透，进群细说
The on-chain data answers this more honestly than market sentiment
CryptoQuant’s latest report draws a clear benchmark: Bitcoin needs to break through the $81,700 resistance level to confirm that a new bull market is underway. And that’s only the first stage. From there up to $88,700, there’s still an entire block of dense trapped (locked-in) positions acting as pressure. In other words, the rally isn’t hopeless—but each “stage” has to be chewed through for real. On-chain holdings distribution doesn’t lie: the sell pressure is stacked in that range.
Plainly speaking, this rebound still needs one more valid breakout to confirm a bull market—don’t rush to call it “bull” yet.
My view is that the real signal isn’t just how high the price touches, but whether it can build volume and hold steady above this key line at $81,700. Only after that can you talk about a trend reversal. If it can’t hold, everything is still just a rebound ⚠️
Every day I’ll bring you to track crypto hot topics—not only what happens in the news, but also the logic and opportunities behind it 👀🚀
#Bitcoin #cryptocurrency
💬 评论区聊不透，进群细说
