Bitcoin briefly climbed above $84,000 while Ethereum reclaimed $2,500, extending their weekend recovery. The leading cryptocurrency now faces a concentration of investor acquisition costs between $84,000 and $85,000, where selling pressure could intensify. Approximately 53% of Bitcoin’s invested capital had an estimated acquisition price above $83,000. On Ethereum’s side, futures open interest remains substantial at approximately 10.58 million ETH, representing roughly $26.5 billion in notional exposure, which increases the potential for sharp liquidations if volatility returns.
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