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Bitcoin Approaches $73K-$84K 'Max Pain' Range: Institutional Cost Base Analysis
Source: CryptoNewsNet Original Title: Bitcoin approaches $73K-$84K ‘max pain’ range as analysts highlight potential deep disco… Original Link: Bitcoin is approaching a “max pain” range of $73,000-$84,000 as analysts highlight the current price decline as a potential deep discount opportunity tied to major institutional cost bases.
The max pain range corresponds to cost bases of significant institutional Bitcoin holders, including BlackRock’s IBIT exchange-traded product and MicroStrategy.
Analysts are framing the current market downturn as a discount zone influenced by these institutional positions, suggesting the price slump could represent a strategic entry point for investors looking to accumulate Bitcoin at levels near major institutional cost bases.