Bitcoin Holds $80K as Traders Test Key Cost-Basis Levels, Says CryptoQuant

Glassnode reports trading volume remains above its August low, while short-term holders transferred 28,690 BTC in profit to exchanges within 24 hours. Bitcoin is testing Darkfost's $80,800 volume-weighted realized price, a key break-even level for invested capital. CryptoQuant warns that holding above the Trader Realized Price could support recovery, while a failed reclaim may turn the level into resistance and expose BTC to further downside. Bitcoin is holding above $80,000 despite fresh profit-taking by short-term holders following its recent rally. Glassnode says trading volume remains above its August low, even after the latest market pullback.

Source: Crypto Front News