CryptoQuant: BTC approaches the critical resistance level of $80k, with two major groups potentially facing liquidation decisions simultaneously

ChainCatcher news: CryptoQuant analyst MorenoDV_ posted on X that if Bitcoin can break above and hold at $80,000, this level will shift from resistance to support; conversely, if it meets rejection at this level and falls back, it will confirm that $80,000 has become a major area of sell pressure, potentially extending the correction into the second quarter.

Currently, the realized price for BTC ETF investors is about $76,400, which is close to the spot price (around $76,300). This is the first time since January 30 that it has neared the breakeven point; meanwhile, the realized price for short-term holder whales is around $79,600, and they are still sitting on an unrealized loss of about $9.4 billion.

MorenoDV_ noted that historically, when these trapped funds finally get back above their break-even levels, it often triggers significant selling pressure. Bitcoin is currently ranging in the $76,000–$80,000 zone; $80,000 is not only an important psychological threshold, but also the breakeven and “unlock” threshold shared by these two major groups.