Expect More Turbulence: Bitcoin’s Move Into $70K–$80K Range Signals Potential for Sharp Swings

Bitcoin Teeters in $70K–$80K No-Man’s Land, Volatility Set to Spike

Bitcoin’s (BTC) recent retreat below $75,000 has pushed it into a thinly traded price zone that could spark more erratic price action in the coming days.

After peaking at $109,000 in January, BTC has gradually slid, now entering what on-chain analysts at Glassnode refer to as an “air pocket” — a zone between $70,000 and $80,000 where very little supply was previously transacted. This range was essentially skipped during the post-election rally that followed Donald Trump’s victory in November, when bitcoin catapulted from $70K to six figures without looking back.

Historically, such untested zones often act as magnets for price — especially when markets are cooling off. Since few bitcoins last changed hands in this range, there’s minimal support or resistance here, making sharp swings more likely.

Glassnode’s UTXO Realized Price Distribution (URPD) chart — which groups unspent bitcoin by the price they were last moved — confirms the lack of volume in this corridor. Just under 2% of the total BTC supply falls within this bracket, meaning price action has little friction, making it prone to fast moves up or down.

Until BTC consolidates and establishes a foothold here, traders should prepare for heightened volatility.

Currently, around a quarter of all bitcoin in circulation is sitting at a loss — mostly held by short-term investors who bought in over the past five months. Their nervous hands could add further fuel to any swift downside moves, especially if support levels don’t hold.

For now, bitcoin’s next direction likely hinges on how it behaves in this low-supply zone — whether it can stabilize, or if the void pulls it into a deeper correction.