Bitwise: Bitcoin’s Max Pain Zone Approaches $84K

Bitcoin’s price is currently fluctuating around a key resistance zone of between $73,000 and $84,000. This level aligns with the cost basis for major institutional players like BlackRock and MicroStrategy. Bitwise Research believes this range could be Bitcoin’s ‘max pain zone,’ indicating where investor losses might be most severe and leading to significant market volatility or a potential cycle bottom.