Bitcoin faces a supply gap of $70000 to $800000, falling below $80000 could trigger a rapid decline Bitcoin currently has a significant supply gap in the range of 70000 to 80000, and if it falls below the $80000 support level, the market may experience a rapid pullback. The price of Bitcoin quickly skyrocketed from $70000 to over $80000 in November last year due to Trump's presidency as a beauty pageant president. The trading time in this range was extremely short, resulting in limited holdings and weak support in the region. At present, 20% of the supply of Bitcoin is in a loss state, which means that these holding costs are higher than the current price of $83000. If the market falls below $80000, selling pressure may further intensify. Data shows that short-term holders have sold about 100000 BTC due to this round of adjustment, and market demand remains weak. Bitcoin has fallen 30% since its historical high of 108000. If it falls below $80000, the market may seek support around $73000.