Bitcoin slips from $85,000 as $80,000 becomes key support
- —BTC fell roughly 4% on the day, hitting $81,652 on Bybit
- —Average cost basis of corporate BTC treasuries is about $80,000
- —Monthly net corporate accumulation has slowed to a few thousand BTC
- —Exchange stablecoin reserves hit a one-year low
Why it matters: Holding $80,000 keeps corporate treasuries profitable; a break below could trigger selling, as seen in mid-2022.
Source: BeInCrypto CN