Markets· ★★★· neutral·

Glassnode: $83,000–86,000 zone holds shorts and 1.07M BTC

  • —Short zone $82,000–86,000 widened 21% after the August 19 rally
  • —About 1.07 million BTC bought in the $83,000–86,000 range, mostly by long-term holders
  • —Spot sell-side risk ratio fell to 7 bps from 16 bps at the August peak
  • —Long-term holders' share of realized profit dropped from 88% to 47%
Why it matters: The $83,000–86,000 zone combines a short squeeze, long-term holders' cost basis and the ETF breakeven point — a breakout could accelerate volatility.
#BTC
Source: TokenPost
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