A new cost basis cluster for Bitcoin has emerged in the low $80,000 range, according to recent analysis from Glassnode. This development could signal strong support for BTC price as market activity remains volatile. Analysts point to high buyer activity at this price level and its density on the heat map as proof of significant support. The clustering suggests that investors are consolidating positions around this crucial threshold. While volatility persists, this cluster indicates a potential stabilizing force, aligning with previous historical patterns where such formations have strengthened market floors during past bull cycles. The impact is being felt across the trading community, with prominent exchanges like Binance incorporating these insights into their commentary and reflecting them in market discussions.