Bitcoin Buyers Strengthen Positions Between $81,000 and $82,000

Bitcoin buyers have been actively accumulating coins in the price range of $81,000 to $82,000, with a notable scarcity of sell orders above $83,300 as of early October 2026. This trend began in late September when Bitcoin's price fell from a peak of approximately $87,300. Currently, the price fluctuates between $83,500 and $84,600, with a broader range established between $83,000 and $86,500.

The significance of the $81,000 to $82,000 range is underscored by historical buying interest, as indicated by on-chain metrics and order-book data. Analysts from Bitfinex and Glassnode reported that whale investors have accumulated over 14,335 BTC since October 1, reflecting a shift in cost-basis clusters and suggesting a decrease in overhead supply. The absence of forced distribution indicates that holders are not being compelled to sell their assets, further supporting the current buying momentum.

As of early October, approximately 1.72 million BTC have a cost basis between $84,000 and $86,500, which presents a potential barrier for upward movement. While the thin sell side above $83,300 may facilitate price increases, the significant concentration of BTC in the $84,000 to $86,500 range could pose challenges. Traders are closely monitoring whale activity and the return of sell orders to gauge future price movements.

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Source: KLEA News