🚨 BITCOIN DATA JUST SPOKE — AND $80K IS SCREAMING “STRONG BUY” 🟧
This isn’t hopium.
This is on-chain math.
Bitcoin just bounced again from the $83K–$84K zone — and the reason matters.
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🧠 WHY THIS LEVEL IS SO IMPORTANT
1️⃣ ETF BUYERS ARE DEFENDING IT
Glass node data shows Bitcoin’s average ETF cost basis sits near $83,844.
👉 Price bounced right off this level
👉 Same behavior seen during April’s sharp selloff
👉 Institutions don’t panic sell — they defend entries
This is smart money protection.
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2️⃣ 2024 BUYERS DREW THE LINE
Another powerful metric:
2024 Yearly Cost Basis ≈ $83,000
This tracks where coins bought in 2024 were withdrawn from exchanges — and guess what?
✔ Acted as support in April
✔ Acting as support again now
✔ Historically held during bull markets
That’s not coincidence. That’s structure.
📊 WHAT THIS REALLY MEANS
Two independent on-chain metrics
Two different data sources
One shared conclusion:
> Deep demand lives in the $80K region.
This isn’t retail FOMO.
This is long-term capital stepping in quietly.
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🔥 TL;DR
Bitcoin isn’t “weak” here.
It’s being absorbed.
As long as BTC holds above $80K–$84K, the bigger trend remains healthy.
Break below? Re-evaluate.
Hold above? The market reloads.
#bitcoin #BTC #FedOfficialsSpeak #WriteToEarnUpgrade
