{"id":14385,"date":"2026-10-12T14:23:48","date_gmt":"2026-10-12T14:23:48","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=14385"},"modified":"2026-10-12T14:23:48","modified_gmt":"2026-10-12T14:23:48","slug":"bitcoin-rebound-faces-an-85000-cost-basis-test","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=14385","title":{"rendered":"Bitcoin rebound faces an $85,000 cost-basis test"},"content":{"rendered":"

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Bitcoin and Ethereum extended their weekend recovery, although on-chain indicators and derivatives positioning suggest the rebound faces significant obstacles.<\/p>\n

Data from CryptoSlate<\/em> showed that Bitcoin briefly climbed above $84,000 after falling toward $80,000 during last week’s selloff. Ethereum also recovered above $2,500, reversing part of its recent losses as buying activity returned to the cryptocurrency market.<\/p>\n

However, Bitcoin’s advance has brought it closer to a major concentration of investor acquisition costs between $84,000 and $85,000, where selling pressure could intensify. Meanwhile, Ethereum’s recovery comes as larger derivatives traders appear to be reducing their bullish exposure despite substantial outstanding positions.<\/p>\n

Bitcoin’s $85,000 resistance threatens to stall recovery<\/h2>\n

Bitcoin’s recovery gained momentum during Sunday’s trading session as traders appeared to capitalize on a liquidity concentration above the prevailing market price.<\/p>\n

CryptoQuant analyst J.A. Maartunn said on Oct. 11 that a liquidity cluster formed just above Bitcoin’s trading level, giving traders an opportunity to push prices higher.<\/p>\n

According to Maartunn, traders appeared to establish a substantial wall of buy orders beneath the market, providing support as Bitcoin advanced toward the overhead liquidity.<\/p>\n

The spot Bid\/Ask Ratio, which measures buying and selling liquidity within 1% of the prevailing price, rose to 0.3.<\/p>\n

The increase indicated that visible buying interest had strengthened relative to selling orders. Such liquidity can also disappear if traders cancel their orders.<\/p>\n

Checkonchain data highlighted by analyst Darkfost on Oct. 11 showed that approximately 53% of Bitcoin’s invested capital had an estimated acquisition price above $83,000 when the cryptocurrency traded around that level.<\/p>\n

The measure weights acquisition prices by invested capital, so larger positions carry more weight.<\/p>\n

More importantly, the largest concentration of acquisition costs sits between $84,000 and $85,000, making the region a potential obstacle to further gains.<\/p>\n

\"Bitcoin\"Bitcoin
Bitcoin Invested Wealth (Source: Checkonchain)<\/figcaption><\/figure>\n

Investors who acquired Bitcoin around those levels could become more willing to sell as prices approach their estimated cost basis, increasing the supply that buyers must absorb.<\/p>\n