Bitcoin

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<div class="key-points-section"><b>Key Points:</b>
 <ul>
  <li>Bitcoin reclaims the 0.85 cost benchmark range.</li>
  <li>Support level crucial for market momentum.</li>
  <li>Institutional activity and ETF inflows remain sluggish.</li>
 </ul>
</div>
<p>On October 20, Glassnode reported Bitcoin recaptured the 0.85 cost benchmark range, a critical support area for market momentum, after recent fluctuations.</p>
<p>Market strength at this level is crucial; losing it may push Bitcoin to retest lower levels, affecting investor confidence and institutional interest.</p>
<h2 id="bitcoin-surges-past-0-85-benchmark-amid-support-speculation">Bitcoin Surges Past 0.85 Benchmark Amid Support Speculation</h2>
<p>Glassnode stated that <strong>Bitcoin has reclaimed the 0.85</strong> cost benchmark range. This signal provides an optimistic outlook as it transforms a key risk level into support. <strong>If maintained, market momentum could</strong> return, yet uncertainty remains as a loss could lead to retests.</p>
<p>In the immediate aftermath, <strong>market participants are evaluating if price stability</strong> can be sustained. Institutional activity remains sluggish post-FOMC. While ETF inflows have slowed, derivatives continue to drive liquidity.</p>
<p>Notable reactions within the industry have been muted, with <strong>KOLs focusing on broader macroeconomic</strong> factors elsewhere.</p>
<blockquote class="twitter-tweet"><a href="https://twitter.com/glassnode/status/1971576613566575060" rel="noopener noreferrer nofollow"></a>
</blockquote> emphasized the importance of maintaining the cost basis threshold. 
<p>Rafael Schultze-Kraft, Co-founder and CTO, Glassnode, noted, "Bitcoin’s cost basis distribution highlights dense support around $110k–$114k, where a large share of supply was acquired. The next major supply zone sits near <strong><a href="https://coincu.com/analysis/btc-soars-higher-while-open-interest/" rel="noopener noreferrer nofollow">$117k</a></strong>, which may provide resistance if price tests this level."</p>
<h2 id="market-stability-questioned-as-bitcoin-hits-110-863">Market Stability Questioned as Bitcoin Hits $110,863</h2>
<p style="background-color: #222222; color: #ffffff; padding: 10px; border-radius: 5px;"><strong>Did you know?</strong> Historically, reclaiming the 0.85–0.95 cost benchmark range has been a bellwether for regained stability following significant market fluctuations, especially notable in the aftermath of all-time highs.</p>
<p>As of October 20, 2025, Bitcoin's price stands at $110,863.15 with a market cap of formatNumber(2.21 trillion), according to CoinMarketCap. Its 24-hour trading volume surged by formatNumber(103.07%), totaling formatNumber(61.09 billion). Recent performance shows a 4.36% rise in 24 hours but a decline over the past three months.</p>
<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2025/10/Bitcoin-daily-chart-on-0926-UTC-on-October-20-2025file.jpeg" rel="noopener noreferrer nofollow"> <img src="https://coincu.com/wp-content/uploads/2025/10/Bitcoin-daily-chart-on-0926-UTC-on-October-20-2025file.jpeg" alt="bitcoin-daily-chart-3842"> </a>
 <figcaption>
  Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 09:26 UTC on October 20, 2025. <em>Source: <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a></em>
 </figcaption>
</figure>
<p>Insights from <strong><a href="https://coincu.com/analysis/sei-surges-30-next-stop-0-49/" rel="noopener noreferrer nofollow">Coincu's research</a></strong> indicate that <strong>market stability remains fragile</strong>. Analysts predict that sustained support might pave the way for potential growth, but caution against lower price tests.</p>
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    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on<a href="https://coincu.com/" rel="noopener noreferrer nofollow"> this website</a> is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
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</figure> <a href="https://coincu.com/uncategorized/bitcoin-key-support-market-update/" rel="noopener noreferrer nofollow">Read original article on coincu.com</a>

Bitcoin Reclaims Key Support as Market Awaits Developments

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