The top billing account standing at Bitcoin reached 280 million dollars while the price of BTC dropped below 84,000 dollars

The price of Bitcoin (BTC) surged to $87,000 on Wednesday, with data indicating that demand in the spot market remained negative.

It 's important .

• Bitcoin fell below $84,000 during the opening of Wall Street on Wednesday, resulting in a settlement account (Long liquidation ) totaling $280 million within 4 hours.
• Analysts see a key trend at $82,000 if prices continue to decline.
• Spot demand for Bitcoin has remained stable over the past 30 days.

ราคา BTC ลงมาใกล้ 84,000 ดอลลาร์ touched the lowest point of the week

Data from TradingView tracks attempts to break through the $87,000 line for a second time before trading pair BTC /USD will fall to local lows below $84,000 during U.S. stock market opening

Such price levels are held as the upper and lower boundaries of a tight daily frame, which is strongly visible on both sides of the price spot as traders try to push prices out of their patterned price lines. Data from CoinGlass indicates that account settlement peaks in the last 4 hours before writing the report at $280 million.

$82,000 is a level that the upper echelons must maintain.

Commenting on the current overall market picture, trader and analyst Rekt Capital noted that $82,000 is a level that firms will need to protect if their price structure falls in the short term.

"In order for the uptrend to continue and avoid falling back into the $60,000-$80,000 price range, bitcoin needs to stand above a level of around $82,000 or at least pass this level's trend test in order to succeed in its next climb", he noted in a post on X

Earlier, it was reported that the current price range affects some investors. Bitcoin's average total capital cost is slightly below $86,000. There are also analyses indicating that $90,000 would likely be the next area where BTC /USD will stay due to opportunities for traders to make increased profits.

The need for sport is only a little bit.

Although bitcoin prices are up more than 35% since the week beginning August 17, attracting demand from spot markets remains a challenge.

CryptoQuant revealed in the latest edition of its research that most attention remains confined to the main derivatives market.

"Spot demand for BTC has narrowed slightly while the fuel market continues to grow, and aggregate demand is recovering somewhat compared with previous days", said a blog post announcing the deal.

The composition map shows that spot demand accumulated for 30 days at -180,000 BTC as of Tuesday, a negative value reflecting that supply has exceeded demand during the previous 30-day period.

"Although aggregate demand is still in the negative zone, but trends are turning positive, if current momentum persists, spot demand will eventually return to positive and that period will be the beginning of an increasingly significant upward movement", CryptoQuant further noted.