Bitcoin cost-basis heatmap shows $85K as strong support zone
Crypto Briefing
On-chain data indicates $85K is a strong Bitcoin support level due to a large acquisition cluster.Summary
Bitcoin's cost-basis heatmap identifies the $85,000 price point as a significant support level for the current cycle. On-chain data reveals that approximately 976,000 BTC, valued at around $83 billion, were acquired near this price. This concentration of demand, visible on the cost-basis heatmap which tracks wallet-level acquisition data, suggests that this zone could provide meaningful price stability if Bitcoin retraces to this level, as holders are generally reluctant to sell at a loss.
(Source：Crypto Briefing)