CryptoQuant: BTC approaches the key resistance level of 80,000 USD, two major groups may face the decision to break even at the same time

By: rootdata|2026/04/23 18:57:31
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CryptoQuant analyst MorenoDV_ tweeted that if Bitcoin can rise above and hold the $80,000 mark, this position will turn from resistance to support; conversely, if it encounters rejection and falls back, it will confirm $80,000 as a significant selling pressure area, potentially extending the adjustment period 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), marking the first time since January 30 that it has approached the breakeven point; short-term holder whales have a realized price around $79,600 and are currently facing an unrealized loss of about $9.4 billion.

MorenoDV_ pointed out that historically, when these trapped funds are finally released, it often triggers significant selling pressure. Bitcoin is currently fluctuating in the $76,000-$80,000 range, where $80,000 is not only an important psychological level but also a common breakeven and release threshold for these two major groups.

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