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Happy_shanky
Bitcoin’s $85K Test
Bitcoin slipped below $85,000, and now everyone is trying to figure out why.
But I think the question itself may be slightly off.
The common market narrative is that a large number of holders have their cost basis around $84K–$85K, making this zone an important support area. If BTC breaks below it, the setup could become more fragile.
But there’s another way to look at it.
What does a heavy concentration of cost bases actually tell us?
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