Glassnode: Bitcoin nears $83K–86K resistance, but ETF and on-chain data are not comparable
- —Bitcoin's resistance zone is $83,000–86,000, per Glassnode's Sept. 9 analysis
- —Selling pressure near resistance is less than half August's peak level
- —Price and on-chain data are as of Sept. 7, ETF flows as of Sept. 4
- —The next US CPI report is due on Oct. 14
Why it matters: Mismatched reporting periods for ETF flows and on-chain metrics distort the demand picture, making calls for a BTC move to $126,000 premature.
Source: TokenPost