Glassnode: Bitcoin rebounds after $80K buy wall absorbed, but support below weakens again
- —The large buy wall at $80,000 was filled as price dipped
- —Fresh large buy orders appeared below $80,000 about 20 minutes later
- —BTC rebounded above $82,000, with new liquidity forming near $78,000
- —Glassnode: support below $80,000 is weakening again, volatility risk rises
Why it matters: Whether $80,000 holds and how fast bids refill below it will determine if the rebound is durable or gives way to another leg down.
Source: Blockmedia