Crypto

Bitcoin selling pressure clusters in low-$80,000s, with $83,000 a pivotal level

Bitcoin has struggled to turn $80,000 into support, while resistance is concentrated in the $81,000 to $86,000 range, Cointelegraph reported. Glassnode identified $83,000 to $86,000 as the first key supply zone, largely held by long-term holders who have not sold for at least six months. New sell liquidity has also accumulated in exchange order books. Multiple technical indicators cluster around the $80,000 area, thickening resistance.

Crypto

Strategy holds 844,447 bitcoin but faces risks if funding dries up

An analysis says Strategy’s bitcoin accumulation strategy is driven more by its access to capital markets than by bitcoin’s price. The company is estimated to face about $1.76 billion a year in dividend and interest costs, which could become hard to cover without new funding unless it sells bitcoin. Researchers highlighted structural risks tied to about $22 billion in debt and preferred claims and said key indicators include preferred share prices and liquid assets.