Bitcoin Air Pocket Presents Potential Fall To $73,000 – Details

Overview

Bitcoin continues to face bearish sentiment in the market, having fallen below the significant $80,000 threshold on January 31. This decline has triggered a new wave of market liquidations. A pseudonymous analyst named CryptoMe has identified an “air pocket” in the current price structure that suggests further downside potential.

What Happened

On January 31, Bitcoin’s price dipped below the crucial support level of $80,000, leading to increased market liquidations. This movement has raised concerns among investors, particularly as it marks a significant shift in market sentiment. In a QuickTake post, CryptoMe highlighted a notable “air pocket” present in the price structure, specifically between $73,000 and $80,000, which could indicate a target for further declines.

CryptoMe’s analysis is based on three distinct market metrics that confirm the existence of this price vacuum. The first metric involves liquidity levels on the Binance spot order book, which show a concentration of limit buy orders within the $73,000 to $80,000 range. These orders were established between late October and early November, remaining untouched even as Bitcoin experienced a price surge to approximately $100,000 in late Q4 2025. This untouched liquidity cluster suggests that it may act as a short-term price magnet if bearish momentum continues, as markets tend to gravitate toward areas of unfilled liquidity during volatile periods.

The second metric examined by CryptoMe is the Unspent Transaction Output (UTXO) price histogram. UTXOs are a valuable measure of on-chain transaction activity, as they track how existing Bitcoin transactions create new ones. The analysis indicates a sparse UTXO density between $73,000 and $80,000, implying that few transactions occurred in this range. As a result, investors did not establish a cost basis that would support prices against further declines, especially now that Bitcoin has fallen below the $80,000 mark.

Lastly, the Spot ETF Investor Average Cost is currently positioned at $79,000. Since the launch of Bitcoin Spot ETFs in January 2024, Bitcoin had not traded below its realized price until now. The combination of these metrics suggests that Bitcoin could be heading toward the $73,000 mark, a level it has not seen since April 2025. Such a decline would represent a substantial devaluation from the current market all-time high.

From Author

The analysis provided by CryptoMe sheds light on the underlying sentiment and mechanics driving Bitcoin’s price movements. By focusing on liquidity concentrations, transaction outputs, and investor costs, the assessment offers a grounded perspective on potential future price trajectories. This comprehensive approach helps to contextualize the current market atmosphere, which is marked by uncertainty and heightened volatility.

Impact on the crypto market

• The fall below the $80,000 support level has triggered increased bearish sentiment among investors.
• The identified “air pocket” between $73,000 and $80,000 may act as a price magnet, potentially influencing trading behavior.
• Sparse UTXO density in the same range indicates a lack of investor support, increasing the risk of further declines.
• The Spot ETF Investor Average Cost being above current prices may lead to additional selling pressure as investors reassess their positions.
• Overall market volatility may increase as traders react to the potential for further declines, impacting trading volumes and liquidity.