Glassnode: BTC Boxed Between $80K and $87K
Glassnode reports Bitcoin remains boxed between $80K and $87K with buyers refilling bids at ETF and treasury cost basis while top buyers' break-even and liquidation clusters cap price near $87K.
SourceAnalysis
Glassnode states $BTC trades in a tight range between $80K and $87K, with fresh bids from ETF and treasury holders supporting the lower boundary and the largest asks plus liquidation clusters clustered above at the upper edge.
Price action at $84646.75 sits just above the upper Bollinger Band at $84056.78 while the 50-EMA holds firm at $82462.59 and the 200-EMA at $82098.71. With RSI(14) at 69.32 and MACD confirming a golden cross, the structure favors a healthy pullback toward the 50-EMA before any sustained push through the $87K supply zone.
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