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300,000 BTC Bought at $84K: New Floor for Bitcoin’s Price?

Bitcoin’s latest worth actions have introduced consideration to the $84,000 vary, the place a considerable amount of shopping for exercise was recorded. This zone might now act as a key help degree as merchants assess whether or not the market has shaped a brand new base.

Heavy Accumulation Around $84,400

Data from Glassnode, shared by analyst Ali Martinez, reveals that 300,648 BTC had been acquired between $84,375 and $84,635 as of December 3, 2025. This degree noticed the best focus of accumulation through the latest pullback, making it a transparent space of curiosity for long-term holders.

Earlier this week, Bitcoin dipped beneath $84,000 following a pointy decline however shortly recovered. As of press time, BTC trades at round $91,300, displaying a 2% decline over the previous 24 hours, however a slight improve over the previous week.

Meanwhile, the Long-Term Holder SOPR (30-day common) is presently at 1.40, primarily based on on-chain knowledge. SOPR above 1 means long-term holders are promoting their cash at a revenue. SOPR tends to fall beneath 1 throughout accumulation phases and close to 0.50 at deeper cycle lows. Ali stated,

“Dollar-cost averaging is smart when SOPR drops beneath 1.”

With SOPR at elevated ranges, the info suggests the market is in a profit-taking section, not considered one of heavy accumulation.

Trendline Rejection and $80K Support in Focus

Bitcoin noticed its deepest pullback of the yr, falling over 36% after being rejected by a long-term trendline, according to analyst Rekt Capital. Previous rejections from the identical trendline triggered corrections of 32% and 14%, displaying the energy of this resistance degree.

Price help round $80,000 has held a number of occasions. Past rebounds from this space have reached 31% and 48%, although the present restoration stands at solely 15%. Rekt Capital famous that if this bounce stays restricted, it might recommend a weakening of the $80K help space.

Double Barrier Ahead: Trendline and FVG

Chart evaluation from Titan of Crypto shows Bitcoin going through a “double barrier” consisting of the 3-year ascending trendline and a weekly bearish Fair Value Gap (FVG). The worth is presently beneath each ranges.

This zone now acts as resistance. Bulls must push by means of the trendline and shut the FVG to reclaim momentum.

“This is the place bulls want to point out energy,” Titan stated.

CryptoPotato reported that latest worth actions and market indicators may point out Bitcoin is nearing the underside vary of its present cycle. Traders are monitoring the $93,500 resistance degree, which has been examined repeatedly in latest periods, making it a key space to observe for a possible breakout or reversal.

The publish 300,000 BTC Bought at $84K: New Floor for Bitcoin’s Price? appeared first on CryptoPotato.

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