$84K Becomes Key Level as 300K BTC Accumulates

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Bitcoin’s recent price movements have brought attention to the $84,000 range, where a large amount of buying activity was recorded. This zone may now act as a key support level as traders assess whether the market has formed a new base.

Heavy Accumulation Around $84,400

Data from Glassnode, shared by analyst Ali Martinez, shows that 300,648 BTC were acquired between $84,375 and $84,635 as of December 3, 2025. This level saw the highest concentration of accumulation during the recent pullback, making it a clear area of interest for long-term holders.

Earlier this week, Bitcoin dipped below $84,000 following a sharp decline but quickly recovered. As of press time, BTC trades at around $91,300, showing a 2% decline over the past 24 hours, but a slight increase over the past week.

Trendline Rejection and $80K Support in Focus

Bitcoin saw its deepest pullback of the year, falling over 36% after being rejected by a long-term trendline, according to analyst Rekt Capital. Previous rejections from the same trendline caused corrections of 32% and 14%, showing the strength of this resistance level.

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