Bitcoin: Glassnode Flags Thinning Native Support

Bitcoin native support is eroding as the heavy buy wall built below price in June drains away, leaving a thinner floor according to Glassnode data released August 15, 2026.

With BTC trading at $63092.62, the 4h chart reveals a bearish trend structure where price sits below both EMA50 at $63715.45 and EMA200 at $63691.08, acting as concrete resistance overhead. Momentum shows RSI(14) at 40.0 remaining neutral while MACD(12,26) prints -267.91 in bullish golden cross territory, yet the asset trades inside Bollinger Bands with upper resistance at $63805.84 and lower support at $62715.14. This confluence suggests sellers tiring but buyers absent, with leverage traders positioned ahead of data confirmation on the quietest tape since 2019.