Bitcoin slump to $86K brings BTC closer to ‘max pain’ but great ‘discount’ zone
Analysts say Bitcoin is nearly in its “max pain” zone as the cost basis of BlackRock’s IBIT and Strategy’s massive BTC treasury draws near.
Key takeaways:
A Bitwise analyst outlined the $84,000 to $73,000 region as the likely “max pain” capitulation range for Bitcoin.
Cost-basis levels of BlackRock’s IBIT and Strategy’s BTC treasury could heavily influence liquidity flows.