ME News reports that on October 12 (UTC+8), crypto analyst Darkfost said that when Bitcoin reached $83,000, around 53% of holders had a cost basis above that price, meaning that the cost basis of current buyers is higher than that of more than half of market participants. Darkfost noted that the $84,000–$85,000 range is where Bitcoin’s supply is most concentrated, and many investors are likely to react at this key price level. The range represents a major resistance level that Bitcoin will need to break through to continue its upward trend. If the price pulls back, the $79,000–$77,000 range could provide potential support. (Source: ME)