Markets· ★★★· neutral·

Glassnode: Bitcoin Sweeps $80K ETF Cost Basis, Resistance Sits at $85K–$87.5K

  • —Bitcoin swept $80.1K on October 15, under the ETF and treasury cost bases
  • —Largest ask block and liquidation clusters sit between $85K and $87.5K
  • —US spot ETFs drew $653M on October 19, the biggest day since September 22
  • —Profit taking has slowed to about half the pace seen at the September high
Why it matters: A daily close below $80K would put both ETFs and treasury holders at a loss, while a break above $86.7K would return 6–12 month buyers to profit.
#BTC
Source: Bitcoin Insider
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