Glassnode Says Bitcoin Nears A Cycle-tested Ceiling With Minimal Selling Pressure
Market / Price
Bitcoin is currently consolidating below the $83,000 to $86,000 resistance band where long-term holder cost basis, liquidation levels and ETF break-even prices converge. Roughly 1.07 million BTC was acquired inside that ceiling zone, while short liquidation liquidity there has grown 21% since the August 19 squeeze.
BTC
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