[Analysis] "Bitcoin trading below short-term holders' average cost... next support level at 75.87K"

As Bitcoin (BTC) continues its downward trend recently, there are suggestions that the next support level could form in the $75,000 range.

On the 28th (local time), CryptoQuant author tugbachain used the UTXO Realized Price Age Bands to report that "Bitcoin has fallen below the realized price of 1-3 month holders. The next major support level is likely to be $75,875, which is the realized price of 3-6 month holders."

The UTXO Realized Price Age Bands is an indicator that shows the on-chain transaction prices by coin holding period. This helps identify average purchase prices and is useful for tracking the trends of both long-term and short-term investors.

In bull markets, short-term investors' fear psychology leads to panic selling, and typically the 1-3 month realized price serves as a major support level during correction phases. However, Bitcoin is currently trading below this level, so market attention is now focusing on the realized price of 3-6 month holders.