Bitcoin’s potential “air pocket” above $72,000 is back in focus as the cryptocurrency climbed close to that level on Wednesday, raising the possibility of a swift move higher if the price breaks through.
The “air pocket” refers to a thin band of supply between $72,000 and $80,000 where relatively few bitcoins previously changed hands, according to on-chain data from Glassnode. Because limited trading activity occurred in this zone, there are fewer investors with positions there who might be inclined to sell.
Glassnode’s data indicates that only around 1% of bitcoin’s circulating supply is located within this price range. With so few coins concentrated in the area, the market could face minimal resistance if bitcoin pushes firmly above $72,000, potentially allowing prices to climb toward $80,000 more quickly.
Historically, bitcoin has spent very little time trading between $72,000 and $80,000. One example occurred in November 2024, when prices surged following Donald Trump’s victory in the U.S. presidential election, rapidly moving through the range without building significant trading volume.
A similar move was seen earlier this year. At the end of January, bitcoin dropped from roughly $80,000 to $70,000 and then slid further to about $60,000 by Feb. 6, with the decline unfolding in just a few days.
These supply dynamics are visible through Glassnode’s Realized Price Distribution (URPD) metric. The indicator tracks the price levels where current unspent transaction outputs last moved on-chain, effectively showing where existing holders acquired their bitcoin and highlighting areas of concentrated supply — as well as gaps such as the one between $72,000 and $80,000.
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