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Bitcoin Trading in ‘Air Pocket’ Below $80K While Stablecoin Activity Surges

  • Bitcoin is experiencing increased volatility after entering an 'air pocket' between $70,000 and $80,000, with less than 2% of Bitcoin's supply in this range.
  • Bitcoin has dipped below $75,000 twice in the past week, after reaching an all-time high of $109,000 in January.
  • About 25% of Bitcoin's supply is currently held at a loss, primarily by short-term holders who purchased within the last 155 days.
  • Stablecoin activity has surged, with active addresses crossing above 300,000 and transaction volume reaching $72 billion, potentially indicating investors preparing to buy the dip.

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