Bitcoin’s $75K cost basis emerges as key support zone for current bull trend

CoinTelegraph2h agoUpdated 1h ago
Bitcoin’s $75K cost basis emerges as key support zone for current bull trend
Smart Read

Bitcoin trades at $76,350, hovering near a critical $75,000 support level where multiple investor cost bases cluster. US spot ETF accumulation, one-to-three-month holder averages, and adjusted realized price converge, creating price sensitivity. Liquidation data shows $2.69 billion long risk below and $4.48 billion short risk above, establishing a tight $74,000–$80,000 trading corridor for the current bull trend.

Coins in this story

Part of narrative
ETF

Explore how ETF is shaping crypto markets — aggregated stories, leading coins, and weekly momentum.

Explore narrative

Related stories

Gemini eyes prediction market challenge to Kalshi, Polymarket, secures derivatives license; shares surge
CoinDesk6h ago60-word brief

Gemini eyes prediction market challenge to Kalshi, Polymarket, secures derivatives license; shares surge

Tyler and Cameron Winklevoss' crypto exchange now holds licenses allowing it to expand into regulated derivatives and prediction markets, the fastest-growing sectors in crypto....

Bitcoin analysts explain why BTC price can’t take out $80K
CoinTelegraph7h ago60-word brief

Bitcoin analysts explain why BTC price can’t take out $80K

A large overhead supply cluster, increased profit-taking activity and the resumption of spot Bitcoin ETF outflows are key factors keeping BTC price pinned below $80,000....

Banks push to slow stablecoin law as Agora races for charter
CoinDesk7h ago60-word brief

Banks push to slow stablecoin law as Agora races for charter

U.S. banks are pushing regulators to delay the Genius Act's stablecoin framework, while Agora races to secure a national bank charter from the OCC. Banks fear deposit flight if stablecoin issuers offer competitive yields. The outcome will determine whether crypto firms or traditional banks control digital dollar infrastructure. Agora's charter pursuit could reshape payments and reduce fiat-to-crypto conversion fees for Indian investors accessing global markets.

KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.