Bitcoin’s $78,000 Bid Cluster Sits Below the $85,000 Supply Zone

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.

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