# Bitcoin’s $78,000 Bid Cluster Sits Below the $85,000 Supply Zone By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/43075 Published: 2026-10-28T23:54:34.000Z Updated: 2026-10-28T23:54:34.000Z Section: Investing > About 4 million BTC held more than 155 days was acquired between $85,000 and $118,000, while bids at $80,000 fell to $3.4 million. Bitcoin (BTC) faces potential break-even selling near $85,000, while Binance’s largest nearby spot bid cluster stood lower at $78,000-$79,000 in an Oct. 27 snapshot. Buy orders in that lower band totaled about $42 million, up from roughly $24 million in mid-October. The order book showed $3.4 million in bids at $80,000. Those figures followed the Oct. 24 decline and were current through Oct. 27. A separate cost-basis measure points to possible selling overhead. Investors who held coins for more than 155 days controlled about 4 million BTC acquired between $85,000 and $118,000, with most of those coins acquired in 2025. More than half of the supply had been bought above the market price at the data cutoff. Frederik Theissen, the analysis author, wrote that “many of these holders may sell to get their money back.” That describes possible break-even decisions if prices return to holders’ acquisition levels; it does not establish that they are currently selling. About 4.3% of Bitcoin last moved in the $84,000-$85,000 range. A large holder’s transfer between its own wallets on Nov. 22, 2025, accounted for most movement in the band. The figure therefore includes a transfer between the holder’s wallets, rather than only market sales. The [$84,000-$85,000 band holds the largest concentration of long-term-holder supply](). Bitcoin recorded daily closes above the range on only five days since January, never for more than three consecutive days. It reached $87,100 on Sept. 23 before slipping below the range. Other cost levels sat below the band: the True Market Mean, an estimated cost basis for active investors, was about $77,900, while the short-term holder cost basis was about $75,800. The average cost basis for U.S. spot Bitcoin ETFs was about $81,500. At Bitcoin’s August low, daily realized losses were about $630 million greater than profits; the largest comparable daily deficit near Oct. 24 was about $27 million. U.S. spot Bitcoin ETFs recorded $67 million in net inflows over the two weeks covered, after $653 million in inflows Oct. 19 and $540 million in outflows Oct. 22. ## Links in this article - [$84,000-$85,000 band holds the largest concentration of long-term-holder supply](https://www.tokenpost.com/news/investing/25253)