Bitcoin Holds Below $84,000 Cost-Basis Level as Only Nine of 125 Top Tokens Rise

Bitcoin fell through $84,000 in two legs, the first in the Asia session and the second at the U.S. open, and has not reclaimed it. A Bitfinex research note circulated hours earlier had called that level the market's largest cost-basis cluster. Funding rates sat near zero across OKX, Deribit and Hyperliquid through the decline.