Glassnode Identifies $85K as Key Bitcoin Level to Overcome Persistent Selling Pressure
Photo: Crypto Economy
TL;DR Glassnode identifies $85,000 as a critical resistance level for Bitcoin, where long-term holders could increase selling as prices recover. Buying interest around 77,000–79,000 offers potential support, while declining realized losses suggest that selling pressure has eased. Weak spot Bitcoin ETF inflows and historically low volatility point to a market awaiting stronger demand before establishing ... Read more
Source: Crypto Economy
