Markets· ★★★★· neutral·

Bitcoin Tests $86K as 1.07M BTC Supply Wall Looms

  • About 1.07M BTC was acquired between $83,000 and $86,000, with the largest cluster near $85,000
  • Glassnode's Sell-Side Risk Ratio fell to 7 basis points from an August peak of 16
  • Long-term holders accounted for only 47% of realized profits, down from 88% in August
  • Short-liquidation levels between $82,000 and $86,000 expanded 21% since the Aug. 19 squeeze
Why it matters: A clean break above $86,000 would flip heavy resistance into support and squeeze leveraged shorts; without sustained spot and ETF inflows, the rally stays fragile.
Source: Bitcoin.com