Glassnode: $85,000 Is the Next Key Test for Bitcoin
- —The largest call option wall above spot sits at $85,000, with another concentration at $90,000
- —Bitcoin ETF outflows of about $334 million from September 8 to 14
- —Realized capitalization growth stalled after 27 consecutive days
- —The $83,000–86,000 supply zone reinforces resistance at $85,000
Why it matters: If buyers fail to support the rally, a breakout above $85,000 may not materialize and bitcoin could remain range-bound.
Source: Coin Edition