Bitcoin tests its largest supply wall at $80,000, near ETF holders’ average price

Bitcoin is testing its largest supply cluster alongside the key 50-week moving average.

Around 5% of bitcoin’s supply is concentrated at $80,000, the largest cluster at any individual price level.
The 50-week moving average sits at $81,081, with previous recoveries above it preceding sustained bull runs.
The average cost basis of U.S. spot bitcoin ETF deposits also sits between $80,000 and $82,000 adding further significance to the resistance level.

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As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Why it matters :

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Original sourceCoinDesk

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Disclaimer: This article is for information only and does not constitute investment advice. Digital assets involve substantial risk.