Bitcoin has recovered by 7.45% in the last two days after falling below $63,000, a key on-chain price support. Despite the rebound, holders who bought between six months and two years ago remain with an average cost of $74,500, a level that now presents itself as a possible turning point.

As BTC rises, the concentration of supply around $74,500 presents itself as a key test for the current trend; a decisive recovery of that level could indicate demand and a shift in the short-term market structure.