Glassnode: BTC Treasury Firms Profit but Barely Buying

Glassnode notes BTC treasury companies sit in profit at a roughly $80K cost basis, with price holding above that level since September 18, yet they show minimal fresh buying.

Profitable holdings can create a self-reinforcing loop where purchases push price higher, lifting share values and enabling further accumulation, though current data shows limited follow-through from these entities.

Price at $84664.26 tests the upper Bollinger Band resistance at $84712.12 while RSI(14) reads 69.51 and MACD remains bullish after its golden cross; with the 50-EMA support at $82623.25 and 200-EMA at $82142.03 both acting as concrete floors, a healthy pullback toward the 50-EMA appears probable before any sustained push past the $87K liquidation cluster.