CryptoQuant: $74,600 Is the Key Support to Preserve Bitcoin's Bull Structure
- —U.S. government moved 17,468 BTC worth ~$1.44 billion since October 6, leaving 174,481 BTC tracked
- —Short-term holders sent 45,600 BTC to exchanges in 24 hours, including 29,100 BTC at a loss
- —Bitcoin fell 3.96% over the week to $82,529, down 7% from recent highs
- —CryptoQuant: holding above $74,600 preserves the early bull structure; a break below risks a deeper correction
Why it matters: The $74,600 level is the short-term holders' realized price: losing it could accelerate selling and trigger a deeper correction.
Source: Blockonomi