Bitcoin bull market hinges on $85K support and fresh buying: Bitfinex analysts
- —U.S. spot Bitcoin ETFs drew $1.71 billion on Sep. 21–22
- —About 633,000 BTC last changed hands between $85,000 and $86,500
- —Corporate treasury buyers' average cost is around $80,500
- —Share of supply in profit rose from 63% to 78.2% in five days
Why it matters: Holding $85,000–$86,500 would confirm post-breakout demand, while a drop below $81,300 alongside ETF outflows would challenge the rally.
Source: crypto.news