Bitcoin is in an extremely sensitive price zone! What to see from CryptoQuant's Holder Metrics chart 

Bitcoin-is-in-an-extremely-sensitive-price-zone-What-to-see-from-CryptoQuants-Ho

The current $BTC price (~77K) is the intersection area of holder groups:

- $BTC just had a recovery wave but is facing pressure as it approaches the STH Cost Basis. This area currently acts as a strong RESISTANCE 

- The good news is that the $BTC price is still holding above the cost basis of institutional fund flows (ETFs). This is a crucial SUPPORT BUFFER in the short term. If this zone is broken, a negative trend will be triggered 

- The current $BTC price (~77K) is falling into a critical price zone: supported right below by the cost basis of ETF funds, but heavily weighed down right above by the resistance pressure from the short-term holders' cost basis and the EMA 200 

- This is the phase where the market is consolidating and choosing its next clear direction. The medium-term trend will only be established when $BTC completely breaks out of one of these two cost basis zones