Glassnode: Bitcoin close below $81,500 risks slide to $77,600
- —$81,500 aligns with the average purchase price of US spot Bitcoin ETFs
- —Next support sits at $77,600 (True Market Mean Price), worst case $74,800
- —BTC dropped over 4% in 24 hours to $80,989, market cap $1.7 trillion
- —IBIT absorbed 384.77 BTC worth $31.4 million this week
Why it matters: The $81,500 line is the key defense; a break could accelerate selling and push BTC back into the mid-$70K range.
Source: Finbold