
On-chain data: Bitcoin's key hurdle is the 20-month average at $87,165
- —The 20-month moving average at $87,165 is Bitcoin's critical resistance
- —Heavy sell orders are concentrated in that zone, capping upside
- —Capital B grew its holdings to 3,538 BTC despite a $78 million H1 loss
- —CleanSpark and BitFuFu cut September output, Canaan held steady
Why it matters: A break above the 20-month average could open the door to a fresh rally, while a rejection keeps BTC range-bound below $87K.
Source: Coin Türk