Bitcoin

<ul>
 <li>CryptoQuant’s short-term holder net profit and loss to exchanges turned negative at -3,022 BTC, its first negative reading in 72 days.</li>
 <li>Glassnode identifies $75,800 as a potential retest level, noting that a pullback to the short-term holder cost basis could remain consistent with an uptrend.</li>
 <li>Analyst flags $73,000 as a downside level, while Bitcoin faces immediate support at 76,000–77,000 and resistance between $78,000 and $82,000.</li>
</ul>
<p>Bitcoin’s decline toward $77,000 has raised concerns as short-term holders begin sending coins to exchanges at losses. CryptoQuant <a href="https://cryptoquant.com/insights/quicktake/6ae49219c86218030bad3de5-BTC-short-term-holders-just-sent-coins-to-exchanges-at-a-loss-for-the-first-time?utm_source=twitter&amp;utm_medium=sns&amp;utm_campaign=quicktake&amp;utm_content=it-tech" rel="noopener noreferrer nofollow">recorded</a> the first negative reading in 72 days, while Ali Charts identified $73,000 as a level to watch. Meanwhile, Glassnode says Bitcoin could retest lower cost-basis levels without disrupting its broader recovery setup.</p>
<h2 class="wp-block-heading" id="strong-short-term-holders-turn-to-selling-at-a-loss-strong"><strong>Short-Term Holders Turn to Selling at a Loss</strong></h2>
<p>CryptoQuant reported that short-term holders’ net profit and loss to exchanges fell to -3,022 <a href="https://cryptofrontnews.com/bitcoin-sell-off-warning-grows-as-81k-support-faces-pressure/" rel="noopener noreferrer nofollow">BTC</a> on a seven-day average. The reading dropped from +21,182 on October 24, marking its first negative result since August 18.</p>
<figure class="wp-block-embed is-type-rich is-provider-x wp-block-embed-x">
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  https://twitter.com/cryptoquant_com/status/2116198595099824591?a=BbPGCg-f1KdTrxP-klg&amp;s=20
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<p>Bitcoin also fell from $83,600 to $77,800 over nine days. CryptoQuant said recent buyers are now underwater and selling into weakness.</p>
<p>The analytics firm compared the latest shift with two previous cases. In January, the reading turned negative near $89,000, while May saw another shift around $76,900. The metric later reached -60,768 and -41,364, respectively, as Bitcoin fell 28.5% and 23.2% before bottoming.</p>
<h2 class="wp-block-heading" id="strong-glassnode-identifies-75-800-as-a-retest-level-strong"><strong>Glassnode Identifies $75,800 as a Retest Level</strong></h2>
<p>Glassnode said <a href="https://cryptofrontnews.com/bitcoin-volatility-hits-2023-levels-as-85k-blocks-gains-with-etf-demand-weakening/" rel="noopener noreferrer nofollow">Bitcoin</a> is retesting the True Market Mean. The firm added that a decline toward the short-term holder cost basis of $75,800 could still fit an uptrend. Glassnode also cited a similar retest in mid-September.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-x wp-block-embed-x">
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  https://twitter.com/glassnode/status/2116216535312196017?a=k7N9nigYrpX7aHSDWPg&amp;s=20
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<p>That pullback occurred days before the market reached its subsequent high. However, the four-hour Binance chart shows continued technical weakness. Bitcoin traded at $77,159.34 on October 31, after declining from approximately $86,000 in early October.</p>
<h2 class="wp-block-heading" id="strong-analyst-watches-73-000-as-support-weakens-strong"><strong>Analyst Watches $73,000 as Support Weakens</strong></h2>
<p>Ali Charts identified $73,000 as a potential level if selling accelerates following the <a href="https://cryptofrontnews.com/xrp-draws-184m-in-binance-buys-after-price-drop/" rel="noopener noreferrer nofollow">Binance</a> hack and upcoming U.S. midterm elections. The analyst linked that price to short-term holders’ average acquisition cost.</p>
<figure class="wp-block-embed is-type-rich is-provider-x wp-block-embed-x">
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  https://twitter.com/alicharts/status/2116210092466999589?a=IQr9K5lexWRErNltlWw&amp;s=20
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</figure>
<p>On the chart, immediate support is between $76,000 and $77,000. A breakdown could expose $74,000 and then $72,000. Meanwhile, resistance stands at $78,000, followed by 80,000–82,000.</p>
<figure class="wp-block-image size-large"><img src="https://cryptofrontnews.com/wp-content/uploads/2026/10/BTCUSD_2026-10-31_10-20-02-1-1024x724.png" alt="Bitcoin Risks $73K as Short-Term Holders Sell at Loss">
 <figcaption>
  Source: <a style="font-size: 0.875em; display: inline !important;" href="https://www.tradingview.com/x/X3EEYgHg/" rel="noopener noreferrer nofollow">TradingView</a>
 </figcaption>
</figure>
<p>The relative strength index stood at 35.21, below its average of 39.11. The MACD remained negative, with its line at -955.30 and signal line at -710.12. Its histogram read -245.18, while elevated trading volume accompanied the latest decline.</p>

Bitcoin Risks $73K as Short-Term Holders Sell at Loss

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