Bitcoin bearish sentiments proceed to dominate the market, after costs fell beneath the important thing $80,000 on January 31, leading to a brand new wave of market liquidations. Interestingly, 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 current value drop.
Bitcoin Now Below $80K Support Zone – What Next?
In a QuickTake post 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 vital in anticipating Bitcoin draw back targets, contemplating the presently heightened market fears following the newest value decline.
According to CryptoMe, liquidity ranges on the Binance spot order guide confirmed a focus of restrict purchase orders between $73,000 – $80,000 that shaped between late October and early November. Despite the value surge from $80,000 to round $100,000 seen in late This fall 2025, the liquidity cluster value zone remained untouched. Therefore, 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 in periods of heightened volatility.
Another on-chain metric that helps the existence of an air pocket between $73,000 – $80,000 is the Unspent Transaction Output (UTXO) value histogram. Each Bitcoin transaction consumes current UTXOs and creates new ones; subsequently, UTXOs are 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 stop additional value decline, as costs have now slipped beneath $80,000.
The closing metric highlighted by CryptoMe is the Spot ETF Investor Average Cost, which at present stands at $79,000. Following the launch of the Bitcoin Spot ETFs in January 2024, Bitcoin has didn’t commerce beneath its realized value till now. Considering all three metrics, it’s doubtless that Bitcoin is headed for the $73,000 value mark, which the market has not visited since April 2025. Moreover, such a decline would characterize a 40% devaluation from the current market all-time excessive.
Bitcoin Price Overview
At the time of writing, Bitcoin trades at $78,558, reflecting a 6.5% enhance within the final 24 hours. Meanwhile, whole buying and selling quantity is up by 37.15% and valued at $74.67 billion.
