Bitcoin reclaims True Market Mean at $78,226, targeting corporate treasury cost basis near $80k and ETF cost basis at $85k.

According to the source, analysts indicate Bitcoin is approaching a 'max pain' range of $84,000–$73,000 linked to the cost bases of BlackRock’s IBIT spot BTC ETF and related strategies, framing the current drawdown as a deep discount zone for accumulation, source: public X post dated Nov 20, 2025 referencing analyst assessments.