Bitcoin is currently testing its most critical "line in the sand" at $85,000. On-chain data shows nearly 1 million $BTC (valued at ~$83 billion) were purchased at this level, creating a massive "wall" of demand. 🧱

Why $85K Matters:

The "Floor": This is the densest cluster of buying activity on the cost-basis heatmap. Investors here are unlikely to sell at a loss, providing a natural cushion. 🛡️

BTCUSDT

Prep

87,593.5

-1.31%

Decision Point: Bitcoin is trading in a tight range ($85K–$94K). Holding $85K is the only thing preventing a slide toward $80K or lower.

Sentiment: With $28B in options expiring this Friday, December 26, the market is bracing for volatility. Defending this zone is a must for a "Santa Rally" attempt. 🎅🚀

Bottom Line: $85,000 is the ultimate psychological and financial support. As long as we stay above it, the bull case remains alive. 🎯💛

#BTC #Bitcoin #CryptoAnalysis #squarefamily #USJobsData #BTCVSGOLD