Bitcoin’s Line in the Sand: $81,500

Bitcoin ($BTC) is currently trading near the average investor cost basis at $81,500, making this level a critical psychological and technical zone. While price holds above it, investor sentiment remains stable and holders are more likely to stay patient. However, a sustained move below this level could turn it into a source of increased sell pressure.

On-chain data from CryptoQuant’s AVIV ratio indicates a period of low-volatility consolidation, suggesting the market is resetting positioning rather than showing signs of panic. If BTC successfully defends this level, market confidence is likely to persist. Failure to hold, however, could accelerate downside momentum.

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