Bitcoin rebound nears $85,000 zone where past buyers may sell
- —Bitcoin briefly topped $84,000 after falling toward $80,000 last week
- —About 53% of BTC invested capital has an acquisition price above $83,000
- —The biggest cluster of BTC acquisition costs sits at $84,000–$85,000
- —Ethereum futures open interest stands at roughly 10.58 million ETH
Why it matters: Holding above $84,000–$85,000 would confirm demand; failure risks a drop toward $77,000–$79,000 support.
Source: CryptoSlate