Bitcoin: Large Entities Return to Profit

Bitcoin large entities have returned to profit while small wallets remained profitable throughout, holding well above their $48K cost basis at the June low even as sharks and whales briefly slipped underwater.

Unlike the 2022 bear market when price breached every cohort's cost basis, current on-chain metrics show differentiated holder resilience. BTC price action at $85284.29 trades inside Bollinger Bands with upper resistance at $86454.1; the bullish EMA structure places concrete support at the 50-EMA $84690.16 and deeper at the 200-EMA $81509.52. With MACD at 353.64 printing a death cross yet RSI neutral at 51.63, price tests upper-band volatility exhaustion and a healthy retracement toward 50-EMA support appears probable before continuation.