08:16
Bitwise: The bottom for BTC may be in the cost price range of 84,000 at BlackRock IBIT and 73,000 at Strategy.
PANews News on November 21, Bitcoin is approaching the "maximum pain" zone. The head of research at Bitwise pointed out that $84,000 to $73,000 is the possible "maximum pain" selling range, which includes BlackRock's IBIT cost price of $84,000 and Strategy's BTC cost price of $73,000. He believes the ultimate bottom is likely to appear between these two prices and describes these prices as "close all positions price", similar to a reset for the entire cycle.
IBIT had a daily outflow of $523 million this week, with a total outflow of $3.3 billion over the past month, accounting for 3.5% of the total assets under management. The net asset value of the Strategy has fallen below 1, and if the price retests the cost price of $73,000, it may further exacerbate market sentiment tension.
In addition, the uncertainty about whether the Federal Reserve will lower interest rates in December has increased, and market liquidity may continue to tighten. Despite such
BTC-9.78%

