Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Bitcoin Approaches $73K-$84K 'Max Pain' Range: Institutional Cost Base Analysis

image

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.

BTC3.54%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)