Glassnode: Bitcoin Holds Near $80K After $85K Push Fails

Glassnode notes Bitcoin trading near $80,000 on Monday after a midweek attempt to $85,000 collapsed, leaving longs paying elevated funding while options desks hedge and spot plus ETF flows turned quiet.

Price sits below both the EMA50 at $81,358 and EMA200 at $81,831, confirming the bearish structure on the 4-hour chart. The MACD golden cross at -419 still signals building upside momentum, yet RSI at 42.58 remains neutral and offers no overbought warning. With price pressing the upper Bollinger band at $81,586 while the lower band sits at $79,626, a swift rejection back toward the EMA50 confluence zone appears the highest-probability path before any sustained continuation.