Source: CryptoBriefing
Original Title: Bitcoin cost-basis heatmap shows $85K as strong support zone
Original Link: https://cryptobriefing.com/bitcoin-support-zone-85000/
Bitcoin’s cost-basis heatmap shows $85,000 as one of the strongest support levels in the current cycle, with nearly 976,000 BTC, worth about $83 billion, acquired around this price, according to on-chain data.
This demand cluster marks a key zone where buyers stepped in with size. The cost-basis heatmap reflects wallet-level acquisition data, highlighting the price points where the most BTC was purchased. High-volume clusters tend to act as support during retracements, as holders are less likely to sell at a loss.
If Bitcoin approaches $85K again, the large concentration of previously acquired coins suggests this level could offer meaningful price stability.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
22 Likes
Reward
22
5
Repost
Share
Comment
0/400
GasFeeCrybaby
· 12-22 20:50
85k is a tough hurdle, with 9.76 million BTC sitting here, it must be really strong.
View OriginalReply0
ApeDegen
· 12-22 20:45
The 85k barrier is really tough, with nearly a million BTC rooted here.
---
Holders are firmly defending 85k, don't even think about breaking through.
---
A cost fortress of 9.76 million BTC, definitely a solid iron gate.
---
If 85k can't be broken, someone will step in, that's the game.
---
Can the support in the cost zone be trusted? Anyway, I won't move.
---
A million coins locked at 85k, where can it fall to?
---
Those in the know all understand that there's someone propping up this price.
---
85k is really the psychological price point for Large Investors.
---
If this support can't be broken, the rebound will be fierce.
View OriginalReply0
AltcoinMarathoner
· 12-22 20:41
just like mile 20 in a marathon, this $85k level is where the real hodlers separate from the weekend warriors. 976k btc screaming "nope, not selling here" — that's institutional conviction, tbh.
Reply0
TokenomicsDetective
· 12-22 20:35
97,600 BTC stuck at 8.5K? It would be terrible if it falls down.
View OriginalReply0
ZenChainWalker
· 12-22 20:29
The 85K hurdle, with 9.76 million BTC stuck here, it can't even fall.
Bitcoin cost-basis heatmap shows $85K as strong support zone
Source: CryptoBriefing Original Title: Bitcoin cost-basis heatmap shows $85K as strong support zone Original Link: https://cryptobriefing.com/bitcoin-support-zone-85000/ Bitcoin’s cost-basis heatmap shows $85,000 as one of the strongest support levels in the current cycle, with nearly 976,000 BTC, worth about $83 billion, acquired around this price, according to on-chain data.
This demand cluster marks a key zone where buyers stepped in with size. The cost-basis heatmap reflects wallet-level acquisition data, highlighting the price points where the most BTC was purchased. High-volume clusters tend to act as support during retracements, as holders are less likely to sell at a loss.
If Bitcoin approaches $85K again, the large concentration of previously acquired coins suggests this level could offer meaningful price stability.