According to CoinMeta, as analyzed by analyst Darkfost, BTC is currently still operating above the active supply cost line of $71,300. This indicator, which excludes long-term unliquidated tokens, is closer to the average holding cost of current market participants and may therefore constitute an important support level. At the same time, the capital cost line of approximately $79,800 continues to act as a resistance. Some funds that were previously trapped in losses have chosen to exit as they approach break-even. Darkfost believes that BTC may form a new trading range between $71,300 and $79,800 in the short term, and both ends of this range could trigger relatively significant market reactions.