There is a $10,000 Gap in Bitcoin: It Quickly Drops Below 80,000 to This Price! - Coin Bulletin

If the drop in Bitcoin prices falls below 80,000 dollars, according to Glassnode analysis, the 'supply gap' that occurred due to weak economic activity in this price range last year could accelerate.

In the cryptocurrency markets, the Bitcoin price has been in a downward trend for a while. On-chain analysis conducted by Glassnode indicates that there was weak economic activity in the $10,000 price range below the $80,000 level towards the end of last year. This situation suggests that the decline may accelerate when the BTC price falls below this level.

The Bitcoin price had rapidly risen from 70,000 dollars to over 80,000 dollars following the election of crypto-friendly Donald Trump as President of the United States in early November last year. Due to this rapid increase, very little Bitcoin changed hands between these levels, resulting in a clear 'supply gap' as seen in Glassnode's UTXO Realized Price Distribution chart (URPD).

Following Donald Trump's victory in the US election, Bitcoin's rapid rise from around $60,000 to over $100,000, trading only a few days in this range, led to very little supply accumulation in the range of $70,000 to $80,000.

The Bitcoin price is currently maintaining its position above 80,000 dollars, while approximately 20% of the total supply is currently in a loss according to Glassnode data, indicating that about 100,000 BTC has been sold by short-term investors due to the price correction.

Supply shortage and existing moderate demand have already contributed to Bitcoin's 30% pullback from its all-time high of 108 thousand dollars.