🔎$BTC has suddenly formed a major demand zone at $84K–$85K. Despite very low market volume, the 6-month Cost Basis Distribution Heatmap shows a pink zone (highest volume) there—an unusual signal, as this typically appears only on shorter timelines and with higher volume.
The market is still in a downtrend. If this zone fails, BTC could quickly drop to the $70K range. However, if price retests this area and demand absorbs selling, the rebound could be very strong.
Which scenario will play out remains uncertain.📊
BTCUSDT
Prep
85,302.9
-1.05%
ETHUSDT
Prep
2,817.38
-0.58%
RIVERUSDT
Prep
3.417
+24.52%