Glassnode: Exchanges Expose Bitcoin Supply Weak Points

Glassnode mapped vulnerabilities embedded in Bitcoin’s existing supply and identified exchanges as the clearest weak point.

Over the past twelve months institutions have watched on-chain flows tighten around custodial platforms while BTC price prediction models priced in reduced liquid supply. BTC now trades at $77477.57 inside the Bollinger Bands, testing upper resistance at $78134.47 with RSI at 48.3 and MACD printing a bullish golden cross.

Price action sits between EMA50 resistance at $78093.12 and EMA200 support at $77385.57, so any rejection at the upper band likely funnels liquidity toward the 50-EMA before the next directional impulse in this crypto market environment.