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Bitcoin has been trapped within the $60,000 to $70,000 zone for several months. While it recently broke above $75,000, escalating geopolitical tensions have hindered a prolonged bull run toward $80,000. A popular analyst now notes that more than 1.72 million coins are stuck in this zone, and if the price breaks out, a big move could be imminent.
Analyst Says 1.72M BTC Stuck in “No-Trade Zone”
In a recent X post, popular analyst Ali Charts opined that Bitcoin is sitting in a “no-trade zone.” He noted that this zone lies between $70,685 and $65,636, adding that it is now the “most important spot on the BTC chart at the moment”.
The analyst said that in this price range, more than 1.72 million BTC was transacted. Hence, this is the zone where most buyers will break even and where most sellers will likely emerge if some traders look to take quick profits because of uncertainty.
“We won’t see the next big move until Bitcoin either breaks above $70,685 or falls below $65,636. For now, it’s a waiting game.” Ali said.
At press time, BTC was attempting a breakout from this zone, trading at $71,058 with a 3.7% intraday gain. The gains coincided with surging short liquidations following President Trump’s announcement that the US and Iran had agreed to de-escalate.
Sentiment Remains Low as 5-Year Returns Tank
As analysts await a big move in Bitcoin price, the market sentiment has remained notably low, hindering meaningful gains. Data from Google Trends shows that the search volumes for the phrase “how to buy Bitcoin” have dropped to the lowest level since mid-2025.
Besides the declining sentiment, analysts have now raised concerns about the drop in BTC’s 5-year return. One analyst, dubbed Dividend Rob on X, noted that Bitcoin’s five-year compound return stands at only 2.8%. That means that a trader who bought Bitcoin five years ago and has not sold to date has barely broken even.
However, Rob’s thesis faced criticism, with some members of the community saying that in 2021, BTC was trading at a bull market top. Moreover, the negative sentiment and dwindling returns have not hindered institutions like Strategy from acquiring more Bitcoin, with the firm purchasing 1,031 BTC on March 23, bringing total holdings to 762,099.
Source: https://zycrypto.com/1-72-million-btc-trapped-in-no-trade-zone-could-trigger-next-big-bitcoin-move/
