Markets· ★★★· bearish·

Bitcoin Fails to Reclaim $84,000 Cost-Basis Level as Only Nine of 125 Top Tokens Gain

  • —BTC broke $84,000 in two legs: Asia session and U.S. open
  • —Bitfinex called $84,000 the market's largest cost-basis cluster
  • —Funding rates on OKX, Deribit and Hyperliquid hovered near zero
  • —Only nine of the top 125 tokens posted gains
Why it matters: Losing the largest cost-basis cluster weakens support, while near-zero funding signals no overheating — leaving the market exposed to further downside.
#BTC
Source: The Defiant
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