Glassnode: a close below $81,000 could send bitcoin to $70,000
- —BTC retreated from $85,000 and fell back below $82,000
- —Glassnode: $81,000 is the average cost basis for spot ETF buyers
- —A close below $81,000 risks a slide toward $70,000
- —Analyst Murphy: supply is concentrated at $83,000, where buy/sell pressure will set the trend
Why it matters: The $81,000 and $83,000 levels will decide whether the rebound holds or bitcoin slides toward $70,000.
Source: Bitcoin Sistemi