Glassnode: $83K BTC support needs real demand, not just volume
- —Glassnode: a price level is not support without demand that absorbs supply
- —Rising volume does not guarantee buyer dominance — it also grows during sell-offs
- —After the Fed meeting, price reaction must be separated from follow-through demand
Why it matters: Gives traders a framework to judge whether BTC holds $83,000 or the level is just a waypoint before the Fed decision.
Source: Digital Today