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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.
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Holders are firmly defending 85k, don't even think about breaking through.
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A cost fortress of 9.76 million BTC, definitely a solid iron gate.
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If 85k can't be broken, someone will step in, that's the game.
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Can the support in the cost zone be trusted? Anyway, I won't move.
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A million coins locked at 85k, where can it fall to?
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Those in the know all understand that there's someone propping up this price.
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85k is really the psychological price point for Large Investors.
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If this support can't be broken, the rebound will be fierce.