Bitcoin Bull Market May Restart If $74.5K Is Broken

Bitcoin recently rebounded after dipping below key on-chain support around $62,400. A critical inflection point for bulls is the $74,500 level, which represents the average acquisition cost for investors who purchased BTC between six months and two years ago. When the price trades below this level, these holders are at an unrealized loss, increasing distribution risk. A decisive reclaim above $74,500 would put this cohort back into aggregate profit, potentially easing sell-side pressure and signaling a shift in short-term market structure, which could pave the way toward $100,000. Furthermore, long-term holder supply has recently recovered, indicating coin dormancy despite volatility. Confirmation of a trend shift would also involve renewed expansion in Bitcoin's realized cap net position change, suggesting fresh capital is re-entering the market.

(Source：Cointelegraph)