Markets· ★★★★· neutral·

Glassnode: Bitcoin Boxed Between $80K and $88K as ETF Bid Fades

  • —Coins bought 6-12 months ago carry a cost basis near $88K; 1-2 year coins sit near $100K
  • —US spot ETFs saw roughly $760M of net outflows since October 7 after taking in nearly $3B from September 21
  • —The two largest liquidation clusters are similar in size: just under $80K and near $88K
  • —Long-term holders' realized losses have fallen about 85% from their August 12 peak
Why it matters: The $80K-$81.5K zone is where Binance order-book bids and the ETF cost basis overlap; a break below would expose the True Market Mean near $78K.
#BTC
Source: Bitcoin Insider
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