Bitcoin's $84,000-$85,500 Cost-Basis Band Held 1,083,820 BTC

On Oct. 28, the $84,000-to-$85,500 cost-basis band contained 1,083,820 Bitcoin (BTC). Other bands contained 884,312 BTC from $81,000 to $82,500 and 624,587 BTC from $79,000 to $81,000.

The amount in the $79,000-to-$81,000 band was up from about 453,000 BTC on Oct. 25. Cost-basis bands group coins by the prices at which they last moved, showing where supply is concentrated.

The three ranges are distinct, with a $1,500 gap between the $81,000-to-$82,500 band and the $84,000-to-$85,500 band. The distribution describes where coins last moved; it does not establish confirmed support or resistance levels.