Bitcoin (BTC) Recovery Faces Potential 874,000 BTC Supply Near $82,500

An estimated 874,000 BTC has a cost basis between $81,000 and $82,500, a band that could become a source of supply if the price returns to it. The holdings are grouped by estimated acquisition price. The cluster is an estimate of potential supply; it does not establish that holders have placed sell orders or intend to sell. The cluster represents potential supply during a recovery attempt. Bitcoin’s trading range had a lower boundary of $81,300 for several weeks before three consecutive daily closes below it on Oct. 22, 23 and 24. Bitcoin reached $79,250 on Oct.