Key Takeaways
- Roughly 976,000 BTC were acquired at the $85K level, totaling $83 billion.
- Cost-basis heatmap reveals heavy concentration of demand at this zone.
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.
Source: https://cryptobriefing.com/bitcoin-support-zone-85000/
