Glassnode: Bitcoin Near $75k After Failed $80k Push
Glassnode reports Bitcoin trading near $75,000 after a failed push above $80,000, with ETF outflows the heaviest since early July and short-term holders near break-even while leverage remains elevated.
SourceAnalysis
Glassnode data shows Bitcoin trading near $75k on Monday after rejection above $80k. ETF outflows reached the heaviest levels since early July, and short-term holders sit near break-even.
Leverage stays elevated with sustained demand for protection. On the 4h chart, price holds inside the Bollinger Bands between $74,209 support and $76,813 resistance while the EMA50 at $76,649 caps upside and the EMA200 at $79,857 marks deeper resistance. RSI at 41.1 stays neutral and MACD shows a bullish golden cross despite the bearish trend structure.
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