
Bitcoin Stalls in the $84,000 Cost-Basis Cluster as Leverage Drains
Coin-denominated open interest is down about 20% to its lowest since March, while bitcoin sits in the band where more coins were last bought than any other.
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Coin-denominated open interest is down about 20% to its lowest since March, while bitcoin sits in the band where more coins were last bought than any other.

Strategy spent about $142.7 million on 1,665 bitcoin last week at an average of $85,681 a coin, and bought back $151.7 million of its STRC preferred stock.

Three outlets read Monday's tape at three different hours and got $84,466, $83,244 and $82,742. One of them contradicts itself inside a single report.

River Financial says 81% of Bitcoin's circulating supply has not moved in at least six months, leaving roughly 3.7 million coins to do the trading. Long-term holders have added more than 3 million BTC since 2020. Dormancy alone does not prove fresh demand.

Uptober starts on Thursday, and an Instagram post counting down to it says a bull market is coming soon. Bitcoin is holding near $84,000 after a quarter up roughly 43.5%. The seasonal record is strong, and last October broke it.

A week-long optimization contest run by StarkWare cut the estimated GPU cost from about $320. The gains are benchmark results, not a price anyone has paid.

Lightning joins a payment standard where stablecoins have carried the traffic so far. Block named no date for Square, Cash App or Bitkey.

A six-session run to Thursday brought in $2.84 billion and closed a deficit the funds had carried since the summer. Three counts of the year's net figure do not agree.

Every calendar day would become a record date for STRC, STRD, STRF and STRK, with payment the next business day. Shareholders vote on 28 October.

Deribit settled one of its largest expiries of the year at 08:00 UTC with bitcoin just above $84,000. Five outlets read the notional differently.

The 10-year Treasury yield ran past 5.1% on Wednesday and bitcoin gave up $87,000. Outlets do not agree on how much of the long side was liquidated.

The joint EBA, ESMA and EIOPA report says the risk could arrive before quantum computing is commercially useful. Estimates of exposed bitcoin do not agree.