Bitcoin Stuck in $82.5K–$86.5K Range as Whale Selling Slows, $81.5K ETF Support Holds
- —BTC rejected at $84,000 seven times since Sunday, the midpoint of the $82,500–$86,500 range
- —Two false breakdowns below $82,500 in 24 hours, with the 4-hour 200 EMA triggering rebounds
- —Glassnode: US spot Bitcoin ETF cost basis near $81,500 has held as support twice in 2026
- —Distribution from wallets holding BTC for one to two years has slowed considerably
Why it matters: Holding $81,500 keeps ETF investor demand intact, but without reclaiming $84,000 Bitcoin risks another test of the range low.
Source: Brave New Coin