Bitcoin Faces 880,000 BTC Supply Barrier Near $80,000

Bitcoin is approaching a significant breakeven zone that has previously limited attempts to reclaim the $80,000 level, according to data cited by CryptoSlate. Bitfinex Alpha estimates that about 880,000 BTC were acquired at prices ranging from roughly $77,500 to $80,300. The holdings represent an estimated $68 billion supply wall, with many owners positioned near their original purchase prices. Bitcoin was trading near $77,890 in the data referenced by CryptoSlate. The concentration of coins in this range could create a key test as the market moves toward $80,000, a level that previous rallies have struggled to surpass. The data does not indicate whether holders will sell, retain their positions, or add to them, but it highlights the size of the market area Bitcoin must move through to establish a sustained advance above the threshold.