Analysts Say Bitcoin Liquidity Must Strengthen Before Any Durable Price Recovery Above $80,000

Bitcoin held above the mid-$80,000 area this week as buyers stepped in near key support and prevented a sharper breakdown. Analysts highlight that around 22% of the supply now sits below its purchase price and argue that a sustained recovery likely depends on stronger liquidity, tracked through on-chain metrics like the 90‑day realized profit/loss ratio. Exchange inflows remain muted and derivatives positioning points to the risk of a brief liquidity grab toward the low-$90,000s.