Glassnode warns Bitcoin's $85K push lacks volume as short-term holders sell, $81K is key defense
- —Spot and ETF volumes average $6.8B a day, below 90% of sessions since January 2024
- —ETF inflows, stablecoin growth and treasury buying added just $4.9B in 30 days versus a $12.8B rise in realized cap
- —86% of BTC sent to exchanges on October 4 came from holders under 155 days, all sold at a profit
- —Largest liquidation cluster sits at $81,700–83,300, with top bids at $81,000–81,250
Why it matters: Thin new-money support and short-term holder selling make $81,000 a critical line; a break below could accelerate long liquidations.
Source: 動區 BlockTempo