Recent Glassnode data shows a significant "supply thin zone" for Bitcoin between $72,000 and $80,000, with only about 1% of circulating supply distributed there. From a technical perspective, this means very little resistance above, and once the price stabilizes at a key level, it could quickly surge in a "short squeeze" manner.

My views:
1. Strong support: The $60,000 to $70,000 range has absorbed over 400,000 BTC, building a solid "iron bottom" for the market. The rising cost basis of institutional holdings reduces the likelihood of deep corrections.
2. Sentiment-driven: This "vacuum zone" is often accompanied by extremely high market sentiment. Against the backdrop of institutions like BlackRock continuously increasing their holdings of RWA assets and BTC ETFs, $80,000 is not only a price target but also a confidence threshold.
3. Strategy advice: Currently, since we are near all-time highs, it is not recommended to blindly chase the rally with full positions. A more prudent approach is to watch for retest opportunities around $71,200 and build positions gradually.